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The Iran war is driving fuel prices higher worldwide, creating economic strain for nations uninvolved in the conflict and prompting angry protests.
sees soaring prices, the impact is often more severe in developing countries with limited fiscal capacity, raising questions about how governments manage the resulting budget shocks.
Axios research based on World Bank data indicates an upward global trend in fuel costs.
The surge squeezes consumers and worsens government finances, particularly in poorer and developing nations that have little room to absorb the shock.
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