World Bank sees commodity prices rising 23% in 2026
In short
The World Bank says commodity prices could rise 23% in 2026. It links the outlook to the Middle East war, which has disrupted energy supplies and shipping.
This matters because higher commodity prices can lift inflation and hurt food security. The report says more conflict or a severe El Niño could make the problem worse, but it does not say what will happen next.
What the reporting says
The World Bank projected commodity prices could rise 23% in 2026 as the Middle East war disrupted energy supplies and shipping, according to a publisher summary. The report says grain disruptions and safe-haven demand pushed food and metals prices higher, and it warns that more conflict or a severe El Niño could worsen inflation and food security risks. The outlook is a forecast, not a realized price move.
Why it matters
The World Bank projected a 23% rise in commodity prices in 2026, citing Middle East war-related disruption to energy supply and shipping. The summary also says grain disruptions and safe-haven demand lifted food and metals prices, while further escalation or a severe El Niño could intensify inflation and food security risks. The source provides a forecast, not a current market price change.