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Energy prices expected to surge 24pc, reaching highest level since 2022 Russia-Ukraine war: World Bank assessment

By none@none.com (Khaleeq Kiani)

ISLAMABAD: Energy prices are projected to surge by 24 per cent this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, the World Bank Group said in its latest Commodity Markets Outlook. Overall, commodity prices are forecast to rise 16pc in 2026, driven by soaring energy and fertiliser prices and record-high prices for several key metals, according to the assessment.   “The shock will hav...