A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to household finances has already been done, analysts say. Countries from Kenya to Indonesia and Bolivia have seen protests in recent weeks linked to energy price hikes and the rising cost of living. Global civil unrest hit a six-year high in the second quarter of 2026, UK-based global risk consultancy Verisk Maplecroft told Reuters. It produces a quarterly index tracking recorded protest events globally over a rolling 12-month period, measuring their frequency, scale and severity.