From BigGo Finance · BigGo Finance · · 1m 10s
World Bank Predicts 23% Commodity Price Surge by 2026
World Bank forecasts 23% rise in global commodity prices by 2026 due to Middle East war cutting oil supply by 5.2%.
In brief
World Bank forecasts 23% rise in global commodity prices by 2026 due to Middle East war cutting oil supply by 5.2%. World Bank predicts 23% higher commodity prices in 2026 as Middle East war reduces oil supply by 5.2%. Originally reported by BigGo Finance.
World Bank Forecast
World Bank forecasts 23% rise in global commodity prices year-on-year in 2026.
Key Drivers
Shipping disruptions, Middle East War, Black Sea grain issues, and safe-haven demand drive price increases.
Energy Prices
Energy prices expected to rise 32.0% in 2026, the highest since Russia's invasion of Ukraine in 2022.
Oil Supply Decline
Global oil supply projected to fall 5.2% in 2026, the largest drop in 40 years.
Brent Crude Forecast
Brent crude expected to average $92 a barrel for the year, fueling inflation concerns.
Food Price Impact
Food prices to rise 10.3% in 2026, with cumulative gains reaching nearly 18% by 2027.
Metals and Minerals
Metals and minerals prices forecast to rise 24.5%, setting record highs for aluminum, copper, and tin.
Precious Metals Surge
Precious metals prices expected to surge 40% in 2026 due to safe-haven demand.
The one thing
World Bank predicts 23% higher commodity prices in 2026 as Middle East war reduces oil supply by 5.2%.
