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National News

The Economic Times

National / The Economic Times

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Oil surge elicits tough love from Trumps Latin American allies

Latin American governments aligned with Donald Trump are facing public backlash as oil price surges, triggered by the US war on Iran, force them to abandon costly fuel subsidies. Leaders are struggling to balance fiscal realities with voter anger, as price hikes strain household budgets and threaten political stability across the region.

28 Mar 2026 6:59 pm