# 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%.
- Title: World Bank Predicts 23% Commodity Price Surge by 2026
- Summary: 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…
- Keywords: world bank, commodity prices, middle east war, oil supply, brent crude, inflation, food prices, metals prices, precious metals, black sea, russia, ukraine
- Source: BigGo Finance — https://finance.biggo.com/news/2d8f0330-3aa6-40c0-972e-77d7a8c9eae6
- Author: BigGo Finance
- Published: 2026-10-28T14:05:18+00:00
- Read time: 1 min
- Topics: world bank, commodity prices, middle east war, oil supply, brent crude, inflation, food prices, metals prices, precious metals, black sea, russia, ukraine
## 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.
## Key takeaway

World Bank predicts 23% higher commodity prices in 2026 as Middle East war reduces oil supply by 5.2%.