Commodities to become 16% more expensive due to global tensions and energy pressure, according to the World Bank

TL;DR

Commodity prices have risen an average of 16% year-to-date, driven by the Middle East war and global market pressures.
Increases affect oil, fertilizers, agricultural goods, and metals, leading to higher costs across economies.
Energy prices could rise 24% this year, with Brent crude projected to average $86 per barrel in 2026.
Fertilizer prices may increase by 31% this year, impacting agricultural production costs.
Metals like aluminum, copper, and tin are expected to reach historic highs due to demand from data centers, electric vehicles, and renewable energy sectors.
The overall rise in commodities will contribute to sustained high inflation, potentially forcing central banks to raise interest rates.

Continuar leyendo el artículo original