UN Warns of Critical Two Months amid Food and Energy Crisis
A United Nations study has shown that governments around the world are facing increasing challenges in protecting consumers from the repercussions of rising energy and food prices, due to ongoing conflicts with Iran, rising borrowing costs, and worsening climate phenomena such as El Niño. The report pointed out that government support for fuel could exceed one trillion dollars this year, alongside growing efforts to reduce poverty and the impact of soaring prices. Between April and September, significant reductions were made in the number of people who might be affected by the increasing costs. Governments are under mounting pressure to balance the need to maintain support programs with budget constraints, especially as oil prices approach $100 per barrel.
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