Middle East War to Spark Biggest Energy Price Surge in Four Years This page in:English Français العربية Русский 中文 Português © 2026 World Bank Group,

Commodity prices forecast to rise by 16% this year, fueling inflation and slowing growth https://www.worldbank.org/en/news/press-release/2026/04/28/commodity-markets-outlook-april-2026-press-release WASHINGTON, April 28, 2026—Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group's latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals © 2026 World Bank Group,