World Bank warns of 16% rise in commodity pricing over Hormuz closure
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Source: The Jerusalem Post
Published: 2026-04-30 02:47 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Iran, Ukraine/Russia, Energy, Economy & Finance, Commodities, World News, War & Conflict
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Snippet:
Energy prices are anticipated to surge 24% in 2026, the largest jump since the Russian invasion of Ukraine in 2022, as a result of the Iran conflict, the World Bank predicted in the latest Commodity Markets Outlook published on Tuesday.
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