Petroleum & World Bank Group
12 shared events · Importance 5 · Last updated May 09, 2026
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International
Petroleum: Petroleum prices are projected to surge due to the Middle East conflict and disruptions in the Strait of Hormuz, with forecasts of Brent oil reaching $86 to $125 per barrel, significantly impacting global inflation and economic growth.
World Bank Group: The World Bank Group has projected a significant surge in commodity prices, including energy and fertilizers, due to the Middle East war, warning of serious implications for job creation and development, especially for developing economies.
Apr 28, 2026 · 23 articles
International
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
World Bank Group: The World Bank Group warned against hoarding energy supplies or imposing export curbs, amid a significant shock to the global energy market.
Apr 08, 2026 · 307 articles
International
Petroleum: Petroleum has surged due to the closure of the Strait of Hormuz, reflecting the severe shock to global energy supplies. Its volatility is directly tied to developments in the conflict.
World Bank Group: The World Bank Group is called upon by 11 finance ministers to provide coordinated emergency support to countries affected by the Middle East war.
Apr 11, 2026 · 283 articles
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