Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
CNBC - 2024-04-25T18:40:12.000Z

Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.

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Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high• Business live – latest updatesA serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse the recent downward trend in global inflation, the World Bank has said.The Washington-based institution said the recent fall in commodity prices had been levelling off even before the recent missile strikes by Iran and Israel – making interest rate...
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- 2024-04-25T12:31:23.000Z
Oil prices jump on escalating tensions in the Middle East
By Laura He, CNN Hong Kong (CNN) — Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading
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High commodity prices could keep inflation elevated, World Bank warns
Sustained high levels of energy and commodity prices could drive global inflation upwards, the World Bank has warned today.
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- 2024-04-25T14:35:13.000Z

In related news

Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns

Oil prices jump on escalating tensions in the Middle East

High commodity prices could keep inflation elevated, World Bank warns