World Bank Warns of Commodity Price Hike Due to Hormuz Closure

The World Bank has issued a warning about a projected 16% increase in commodity prices, forecasting a 24% rise in energy prices by 2026, attributing these increases to the Iran conflict and the ongoing closure of the Strait of Hormuz.

29 Apr, 18:49 — 29 Apr, 18:49

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jerusalem-postMostly Factual35d ago

World Bank warns of 16% rise in commodity pricing over Hormuz closure

World Bank forecasts a 24% rise in energy prices in 2026, driven by the Iran conflict and the continued closure of the Strait of Hormuz, affecting global markets.

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World Bank Warns of Commodity Price Hike Due to Hormuz Closure

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World Bank warns of 16% rise in commodity pricing over Hormuz closure

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