State IntegrityReceipts, not verdicts

Fuel price shock: Why developing economies are paying the most at the pump

News story published by United Nations on Wednesday, 4 November 2026 at 12:00 UK time.

What was announced

When war shut the Strait of Hormuz in February, oil prices soared everywhere. But the pain at the pump has been far from equal, and the world’s developing economies are paying the heaviest price, according to a new report from UNCTAD, the UN trade and development agency.

Who and where

Global and regional bodies

Where this sits in the 10 levels of power

Receipt

Headline and summary quoted from United Nations. Read the full text on the publisher's site.

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