Energy
5.5
US bears largest share of war-driven oil price surge, CREA estimates
Published 17 h ago2 sourcesEvidence: Reported
SeverityModerateAssessedDeveloping storyOilPrice.comUS
The World Bank projects a 23% rise in commodity prices by 2026, driven by Middle East conflict and trade disruptions, with energy prices up 32%. This marks the largest oil supply decline in four decades, posing significant inflation and food security risks globally.
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