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Mon, Jun 29 • Nairobi

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Finance

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

Bloomberg Jun 29, 2026 2h ago ⏱ 1 min read 👁 2 views

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

Image via Bloomberg

📋 Article Summary

42 words

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. This story was reported by Bloomberg. For more Finance news in Kenya, stay tuned to Masaa.

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