Gasoline price surge triggers protests in Syria, Indonesia, Guatemala, Philippines, Portugal

Rising gasoline prices have sparked protests in multiple emerging and developing economies, including Syria, Indonesia, Guatemala, and the Philippines, with unrest also reaching Portugal in the eurozone. Governments are testing various subsidy and pricing formulas to manage the surge, but social tensions are escalating. The breadth of simultaneous protests suggests a global energy price shock with potential inflationary and political implications.