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World News

Fuel Subsidies May Top $1 Trillion As Iran War Drags, UN Says

Bloomberg Markets Friday 02 October 2026, 04:01 UTC By Magdalena Del Valle 1 min read
Key Points

Governments around the world are running out of room to shield consumers from higher energy prices resulting from the Iran war and other crises, with fuel subsidies potentially costing more than $1 trillion this year, a United Nations study found.

Governments around the world are running out of room to shield consumers from higher energy prices resulting from the Iran war and other crises, with fuel subsidies potentially costing more than $1 trillion this year, a United Nations study found.
Iran War Drags (EVENT) UN (ORG) the Iran war (EVENT) United Nations (ORG)
Originally published by Bloomberg Markets Read original →

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