World Bank Forecasts Oil Prices Could Reach $95-$115 Per Barrel Amid US-Israeli Conflict With Iran
Bank warns of unprecedented energy crisis as Middle East disruptions threaten global commodity markets
Hızlı Bakış
- The World Bank forecasts oil prices could reach $95-$115 per barrel this year due to the US and Israeli war with Iran, warning that prolonged Middle East disruptions could push Brent crude to $95-$115 in 2026.
- The IMF Chief Economist acknowledged the conflict could trigger an energy crisis of unprecedented scale, with other commodities and metals also expected to exceed forecasts.
Yapay zekâ özeti
Neden Önemli?
The World Bank's latest commodity market outlook report specifically highlights the economic consequences of the US and Israeli war with Iran, warning that disruptions in the Middle East could push oil prices significantly higher than previously forecast.
WASHINGTON, April 28. /TASS/. The World Bank forecasts that oil prices could reach $95-$115 per barrel this year, according to its latest report on commodity market outlooks, which highlights the negative economic consequences of the US and Israeli war with Iran. According to the report, if disruptions in the Middle East prove more prolonged or severe than anticipated, Brent crude prices in 2026 could range from $95 to $115 per barrel. Prices for other commodities would also significantly exceed forecasts. In addition, prices for ferrous and non-ferrous metals may rise more than expected amid inflexible supply and resilient demand, the bank's experts noted. As IMF Chief Economist Pierre-Olivier Gourinchas acknowledged in mid-April, the US-Israeli military operation against Iran could trigger an energy crisis of an unprecedented scale.
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Oil prices will likely remain elevated as long as Middle East tensions persist
Çok muhtemel · Aylar içinde
Other commodity prices will exceed previous forecasts
Muhtemel · Aylar içinde
Central banks may need to respond to commodity-driven inflation
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Açık Sorular
- What is the current status of the US-Israeli military operation against Iran?
- How long have the Middle East disruptions been ongoing?
- What specific timeline does the World Bank envision for price impacts?
