Fuel price shock: Why developing economies are paying the most at the pump

When war shut the Strait of Hormuz in February, oil prices soared everywhere. But the pain at the pump has been far from equal, and the world’s developing economies are paying the heaviest price, according to a new report from UNCTAD, the UN trade…
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Published1 d ago (Wed, 04 Nov 2026 12:00:00 GMT)
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Impact score46/100
RatingProbability of 45%. Section Economics with a probability of 90%.
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ClassifiedThu, 05 Nov 2026 01:05:37 GMT by classifier