17 resultsfor “impact of energy crisis on developing countries”
crisis highlights meagre oil buffers in developing world As the [blockade of the Strait of Hormuz](/news/2026/4/14/fao-warns-strait-of-hormuz-disruption-risks-triggering-a-global-food-crisis) drives the worst energy crunch in modern history, leading governments to scramble to unload their emergency oil stockpiles
developing countries, many of them small countries vulnerable to the effects of extreme weather. Major fossil fuel producers attending include Brazil, Mexico, Nigeria, Angola and Canada. --- ## Who is not coming? Many of the world
impact of the conflict has yet to be felt, due to the lag between rising agricultural input costs and higher prices on shelves. They also agree that the severity of the fallout largely hinges
impact of their exports.  Hurricane devastation in Roseau, Dominica. Many small island states are on the frontline of the climate crisis despite despite contributing negligible amounts
impact](/video/newsfeed/2026/5/7/rising-fuel-costs-overshadowing-agenda-for-asean-summit-in-the-philippines) of the Iran war on their economies, but conceded that the initiatives will take considerable time to come into effect. On Friday, leaders gathered in the Philippines for a [summit](/economy/2026/5/8/southeast-asias-leaders-confront-fallout-from-iran-war-at-asean-summit
crisis. “Conventional economics tells us that oil price hikes trigger a chain reaction across the economy,” economist Kamran Butt [told](https://www.dawn.com/news/1981185) the Dawn newspaper. “They increase transportation costs, push up the prices
countries, with 0.8% forecast for 2026, down from the 1.3% the IMF predicted in January. The Item Club expected inflation to rise to almost 4% in the second half of 2026 – nearly double the Bank
countries in western Europe already do this, and England used to from 1915 until 1989. “We know rent controls can fix an affordability crisis if done carefully, we just need to be willing to impose
impact on economically poorer countries. Iraq is not shipping or producing oil, which is normally responsible for 85% of revenues. Bangladesh, with significant household needs for gas for cooking, is cut off from Middle East
countries, according to the International Air Transport Association. While demand remains strong, the price hikes have prompted some travellers to make early bookings, said Henry Harteveldt, president of Atmosphere Research Group, a market research firm
country’s housing crisis. But despite ploughing ahead with [extensive planning reform](https://www.theguardian.com/politics/2025/oct/05/ministers-significant-changes-uk-planning-system), [cutting affordable housing targets](https://www.theguardian.com/society/2025/oct/23/ministers-confirm-plans-to-reduce-londons-affordable-housing-quotas) and [accessibility requirements](https://www.theguardian.com/world/2025/dec/19/disabled-people-in-england-betrayed-by-cuts-to-new-build-accessibility-targets) in the name of a “Build Baby
impacts go beyond imports. Many households in Africa and Asia [depend on remittances](https://www.dw.com/en/iran-war-puts-south-asias-gulf-remittances-at-risk/a-76513989) from relatives who work in the Gulf and send money home, but the war has caused serious economic disruption
energy crisis, sending gas and oil prices to multiyear highs. “Even short of a full shutdown, ‘permissioning’ and pressure can impose major costs and uncertainty,” Jack Kennedy, head of MENA Country Risk
impact of the United States-Israeli war on Iran and the shutdown of the Strait of Hormuz on the world economy. The war has damaged energy infrastructure across the Gulf, while critical exports like
crisis. - **What effect is the war having on developing countries?** With food and fuel inflation reaching close to 20%, Fletcher warned: “We will feel the impact for years in sub-Saharan Africa and east Africa
impacting millions in New Delhi and Moscow. So, what is in the defence agreement? How does it benefit Russia and India?  Russia’s President Vladimir Putin shakes hands with India
development bank’s president, Ajay Banga, has said.** That would include $20bn to $25bn that countries could tap through a crisis response window that allows them to tap up to 10% of funding approved under