Event Brief
Jun 29, 2026 at 1:05 PM ET
UN projects fossil fuel subsidies to reach $1.1T in
By The BriefBrief
The UN says fossil fuel subsidies are projected to hit $1.1 trillion in 2026 due to energy price shocks tied to Iran’s war.
WHO: UN
WHAT: Projected fossil fuel subsidies to reach $1.1 trillion in 2026
WHEN: Jun 29, 2026 at 12:11 PM ET
WHERE: Location not specified
WHY: Governments are spending more to shield consumers from high energy prices triggered by the war in Iran.
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