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Fossil Fuel Subsidies to Hit $1 Trillion in War’s Energy Price Shock, UN Says

Bloomberg Markets · Jun 29, 2026, 4:11 PM · Also reported by 3 other sources

Fossil fuel subsidies are projected to reach $1.1 trillion in 2026 as governments spend more to shield consumers from high energy prices triggered by the war in Iran.

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Fossil Fuel Subsidies to Hit $1 Trillion in War’s Energy Price Shock, UN Says

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