Event Brief
UN projects fossil fuel subsidies to reach $1.1T in
Filed: Jun 29, 2026 at 1:05 PM ET
Summary: 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.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
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