World Bank Sees Commodity Prices up 23% in 2026 Due to Middle East War, Other Shocks
The World Bank said energy, metals and food costs will climb as war-related disruptions and safe-haven demand keep markets under strain.
- Global commodity prices are set to surge 23% in 2026, the World Bank reported Wednesday, citing rising energy costs, Middle East conflict, and grain shipment disruptions in the Black Sea.
- Energy prices surged 32% this year, reversing three years of declines, while oil supply is expected to drop 5.2%—the biggest decline in four decades outside the 2020 global recession.
- Food commodity prices face a cumulative increase of nearly 18% through 2027, while metals are projected to rise 25% and fertilizer costs climb 14% amid persistent supply disruptions.
- The World Bank has provided $8.7 billion in emergency aid to 25 countries, warning that commodity shocks could push more than 40 million additional people into extreme poverty.
- Adverse scenarios involving El Nino and escalating Middle East conflict could drive food prices 12% higher than expected, as foreign ministers gather in Atlanta to address global crises.
111 Articles
111 Articles
World Bank forecasts higher energy, food commodity prices
The costs of energy and food items will increase in the remainder of 2026 into 2027, according to the World Bank Group's latest Commodity Markets Outlook, released Wednesday. The report forecasts a varying jump in prices, citing the shocks triggered by the Middle East conflict, which has depleted oil reserves and is set to push […] World Bank forecasts higher energy, food commodity prices
Commodity shocks are spreading from energy to food and metals
Global commodity prices are forecast to rise 23% in 2026 as energy disruptions and tighter supplies reach food and industrial markets, according to the World Bank. The bank expects prices to ease next year, but warns that further shocks could keep costs elevated. The October Commodity Markets Outlook puts energy at the center of the ...
The climatic impacts caused by El Niño increase prices on prices of natural gas and other products.
The World Bank projected a record rise in energy and commodity prices during the current year 2026, as the US war continues. In a new report released by the Bank today Wednesday, energy prices increased by 32% after 3 years of decline before stabilizing again in 2027.
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