Iran War Drives Up Global Fuel Prices — SkimNews
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- The Iran war is driving fuel prices higher worldwide, according to Axios research data visualized in an accompanying chart
- Rising fuel costs are fueling angry protests around the globe and straining the economies of countries reliant on imported energy, with Malaysia's figure reflecting the unsubsidized market rate and some nations using quota systems for gasoline
Why it matters: Higher fuel prices hit consumers and import-dependent economies hardest, amplifying political instability through protests. Countries with quota or subsidized fuel systems face particular strain as global market prices climb beyond what state-set rates can absorb.
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