Tipping point? Unrest goes global over soaring fuel prices • FRANCE 24 English

It’s easy to lecture world leaders about how fuel subsidies ruin the environment and bleed state coffers dry, but try telling that to beleaguered Bolivians and cornered Kenyans… two of the many nations where the energy crisis has reached breaking point with citizens unable to keep up with prices at the pump. It’s not just in the Americas, Africa and Asia where the Iran war’s destroying livelihoods and derailing fiscal roadmaps.  France - which at the outset of an election year is already running the biggest budget deficit of the euro zone 5-point-1 percent of GDP - further loosening purse strings with the Prime Minister announcing fresh measures. So, to subsidize or not to subsidize? On that score, what lessons learned from the last energy crisis in 2022? Oil and gas prices are notoriously volatile. What if the Strait of Hormuz is never the same again. And the immediate, how much fuel is there before the entire global economy’s running on empty? #Energy crisis #kenya #bolivia Read more about this story in our article: https://f24.my/BwGc.y 🔔 Subscribe to France 24 now: https://f24.my/YTen 🔴 LIVE - Watch FRANCE 24 English 24/7 here: https://f24.my/YTliveEN 🌍 Read the latest International News and Top Stories: https://www.france24.com/en/ Like us on Facebook: https://f24.my/FBen Follow us on X: https://f24.my/Xen Bluesky: https://f24.my/BSen and Threads: https://f24.my/THen Browse the news in pictures on Instagram: https://f24.my/IGen Discover our TikTok videos: https://f24.my/TKen Get the latest top stories on Telegram: https://f24.my/TGen