World Bank: Shock in oil and food prices if Israel Hamas war escalates

World Bank: Shock in oil and food prices if Israel Hamas war escalates

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In its latest report, the World Bank outlines three possible scenarios and what they entail for the commodity markets. Oil prices could face a shock and jump to as high as $157 (€147) a barrel if the Middle East crisis escalates, the World Bank has warned in its quarterly report about the…

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