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How is the Middle East conflict affecting the global economy — World Bank statement

How is the Middle East conflict affecting the global economy — World Bank statement

The conflict in the Middle East is increasingly disrupting global commodity markets and supply chains. The World Bank reports sharp price increases: crude oil rose by nearly 40% between February and March, liquefied natural gas shipments to Asia jumped by almost two-thirds, and nitrogen-based fertilizer prices surged by nearly 50% in March. Shipping route disruptions are raising costs and supply risks are spreading beyond energy into fertilizers and other critical agricultural inputs.
The organization is in direct contact with the most affected client countries and is prepared to respond at scale — combining immediate financial relief, policy expertise, and private sector support. Available tools include crisis response funds, trade finance, and working capital for businesses.
The World Bank warns that the longer the conflict continues and the more damage is done to critical infrastructure, the more severe the consequences will be for emerging market economies.

 

How is the Middle East conflict affecting the global economy — World Bank statement

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