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World Bank sees commodity prices surging 23% in 2026 on Middle East war

Commodity prices were projected to rise 23% in 2026 as the Middle East war disrupted energy supplies and shipping, while grain disruptions and safe haven demand pushed food and metals prices higher. The World Bank warned that further conflict escalation and a severe El Nio could intensify inflation and food security risks.

28 Oct 2026 10:56 pm