WASHINGTON (HRNW): The World Bank has released its Commodity Markets Outlook report for 2026, warning that global oil prices could reach their highest levels since 2022 due to intense pressure from the conflict in the Middle East. According to the report, the ongoing war has placed global markets under severe stress, creating a risk that oil prices could soar to $115 per barrel if the conflict remains prolonged. The World Bank projects that global energy prices are likely to increase by 16% to 24%, a surge that is expected to significantly drive up global inflation. This outlook highlights the vulnerability of international markets to geopolitical instability and the potential for a substantial rise in the cost of living worldwide as energy becomes increasingly expensive.
Appeal for Support:
Support HRNW, the world’s No. 1 human rights news portal, in its mission to be a timely voice for human rights and public issues. Your contribution enables us to continue our journey of promoting truth and being a voice for the oppressed.
To support us, please click this link: https://www.hrnww.com/?page_id=1083
