The Israel-Hamas war has the potential to disrupt oil supply in the Middle East region, leading to a rally in prices for the energy source that can impact other commodities, worsening global food insecurity, the World Bank said in a report released this week.
The Israel-Hamas war comes on the heels of the biggest shock to commodity markets since the 1970s — Russia’s war with Ukraine, Indermit Gill, the World Bank’s chief economist and senior vice president for Development Economics, said in a press release. If the latest conflict…
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