As a result of the oil shock, poorer countries are wracked by shortages and protests

The oil shock this year has had the greatest impact on developing countries. Many are reliant on imported petroleum, which is being suffocated by a combination of high international prices, weak currencies, and competition from wealthy nations recovering from the pandemic.

In countries where food costs are already rising, higher gasoline bills are worsening inflation. The combination is causing citizen anger and protests, which democ....