https://blogs.worldbank.org/en/opendata/biofuels-and-oil-insecurity--what-the-evidence-suggests-about-ag
Recent military conflict in the Middle East have once again reminded the world how vulnerable modern economies remain to sudden disruptions in global oil supply. For many developing economies, particularly in South and Southeast Asia, the consequences of such disruptions are immediate and acute. Higher oil prices translate quickly into higher transportation costs, rising food prices, fiscal pressure from fuel subsidies, and deteriorating household welfare.
© 2026 The World Bank Group,
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