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Governments across the rich world are turning to energy subsidies and price caps as oil and gas prices surge due to the Iran war, but such interventions risk repeating costly mistakes from 2022.
Catch up on global daily news
Compelling long reads
Future-gazing analysis, predictions and speculation
Tune into captivating conversations
Watch engaging short films

A handpicked article read aloud from the latest issue of The Economist

Two new reports are a must-read of energy-starved governments

As stocks dwindle, further price rises are inevitable

A hypothetical third Gulf war closes the Strait of Hormuz, stranding a fifth of global oil and gas output and driving energy…

A longer war means a harsher global economic fallout

Scenarios now range from bad to awful