disaster
World: Military Escalation in the Middle East: Cushioning the Global Shock, 24 June 2026
By UN Development Programme at ReliefWeb
· June 29, 2026
· 3 min read
. Middle East conflict fallout pushes countries toward US$1 trillion fossil fuel subsidy bill, warns UN Development Programme Ripple effects from the Middle East conflict force developing countries to burn fiscal space on fossil fuel subsidies, wiping out investment in health, education and climate,
Key takeaway Fossil fuel subsidies, which had been on a downward trend globally, are on track to reach US$1.
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Category: disaster ·
Published: June 29, 2026 ·
Source: ReliefWeb ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? . Middle East conflict fallout pushes countries toward US$1 trillion fossil fuel subsidy bill, warns UN Development Programme Ripple effects from the Middle East conflict force developing countries to burn fiscal space on fossil fuel subsidies, wiping out investment in health, education and climate,
When was this published? This article was first published on June 29, 2026 by ReliefWeb and curated for Christgiving readers.
Who reported this story? This story was reported by UN Development Programme at ReliefWeb. To learn more about how Christgiving selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more disaster coverage from Christgiving, or browse our daily briefing and topic hubs .