World Bank: Middle East War to Push Energy Prices Up 32% to Highest Level in 4 Years
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Qiyas summary
The World Bank predicts a 32% rise in global energy prices in 2026 due to the Middle East war and reduced oil supply.
Translated by Qiyas from الأنباء — Original source
The World Bank has projected that global energy prices will rise by 32% in 2026, reaching their highest level in four years, driven by the repercussions of the war in the Middle East. The bank also forecast a 5.2% decline in global oil supply this year, marking the sharpest drop in more than four decades, excluding the global recession period in 2020. Additionally, it anticipated that overall commodity prices will increase by 23% in 2026 amid global shocks, before falling by 7% in 2027.
