Brent Crude & World Food Programme

Brent Crude: Brent Crude prices surged significantly due to the supply disruption caused by the Iran war and the halted maritime traffic through the Strait of Hormuz.

World Food Programme: The World Food Programme estimates that 45 million additional people could face hunger if the war continues, bringing the global total to 363 million.

Brent Crude: Brent Crude prices are projected to surge significantly, averaging $86 a barrel in 2026, due to supply shocks from the Middle East conflict, with potential to reach $115 a barrel in a severe scenario.

World Food Programme: The World Food Programme estimates that a prolonged conflict could push up to 45 million more people into acute food insecurity this year due to rising fertilizer and food prices.

Brent Crude: Brent Crude prices have been highly volatile, surging due to the effective closure of the Strait of Hormuz and falling on hopes for a peace deal, reflecting the significant impact of the conflict on global energy markets.

World Food Programme: The World Food Programme warned of rising food insecurity in Lebanon due to surging prices and disrupted supply chains.

World Food Programme: The World Food Programme is engaged with the International Monetary Fund on food security concerns, warning of acute hunger if the war continues.

World Food Programme: The World Food Programme reports that tens of thousands of tons of food aid are stuck in ports due to the conflict, disrupting global supply chains and threatening to push millions more into acute hunger.