World Bank expects energy prices to rise 32% in 2026 due to the war in the Middle East

FinanceInternationalBloomberg LíneaOct 28, 2026, 4:33 PM40 s readAI summary

The World Bank raised its commodity price forecasts citing energy supply disruptions stemming from the war in the Middle East and the threat El Niño poses to crops. The report forecasts a 32% increase in energy prices in 2026, reversing three years of declines, and oil averaging US$91 per barrel, with a 5.2% drop in global supply. It also anticipates an accumulated 18% rise in food prices this year and next.

In 40 seconds

The World Bank projects a 32% rise in energy prices in 2026, reversing three years of declines.
Oil would average US$91 per barrel and global supply would fall 5.2%, the largest drop in more than four decades excluding 2020.
Food prices would rise 18% cumulatively between this year and next due to El Niño.

Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

Banco Mundial
energía
petróleo
materias primas
inflación

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World Bank expects energy prices to rise 32% in 2026 due to the war in the Middle East

In 40 seconds

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Keep reading

Bogotá Ciudad Aeropuerto seeks to link El Dorado with the Metro and Regiotram

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill