USA-World Bank/Energy Price Forecast
USA-World Bank/Energy Price Forecast
Dateline : April 28/7, 2026/File
Location : United States
Duration : 2'09
FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
1. Various of World Bank Group headquarters; sign of World Bank, pedestrians
FILE: Washington, D.C., USA - May 12, 2021 (Unifeed - No access Chinese mainland/Not for sale)
2. World Bank Group headquarters building
Beijing, China - April 28, 2026 (CCTV - No access Chinese mainland)
3. Screenshot of World Bank webpage showing forecast from Commodity Markets Outlook
FILE: Strait of Hormuz - Date Unknown (NNC - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
4. Various of ships sailing in Strait of Hormuz
FILE: Kharg Island, Iran - 2016-2018 (CGTN - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
5. Various of oil storage tanks; fire burning at oil refinery
FILE: Bab Oilfield, UAE - 2023 (CGTN - No access Chinese mainland)
6. Various of oil field facilities, pipelines, fire
FILE: Kuwait - Aug 7, 2017 (CCTV - No access Chinese mainland)
7. Various of oil drilling rig in operation
FILE: Saudi Arabia - Date Unknown (CCTV - No access Chinese mainland)
8. Various of workers at oil refinery
FILE: Kurdistan Region, Iraq - July 2016 (CCTV - No access Chinese mainland)
9. Various of oil refinery
Madrid, Spain - April 7, 2026 (CCTV - No access Chinese mainland)
10. Various of fertilizer at warehouse
FILE: Denver, Colorado, USA - May 9, 2018 (CGTN - No access Chinese mainland)
11. Aluminum coils
FILE: Yangzhou City, Jiangsu Province, east China - May 2021 (CCTV - No access Chinese mainland)
12. Various of copper wire rolls
FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
13. Various of worker putting tin bars into machine
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
14. Gold bars
FILE: Seoul, ROK - Date Unknown (CCTV - No access Chinese mainland)
15. Various of gold bars, silver bars for sale
The World Bank predicted Tuesday that energy prices may surge 24 percent in 2026 to their highest level since the Russia-Ukraine conflict erupted in 2022 due to the war in the Middle East, while overall commodity prices are projected to increase 16 percent.
In its latest Commodity Markets Outlook released on Tuesday, the World Bank said that attacks on energy infrastructure and shipping disruptions in the Strait of Hormuz, which handles about 35 percent of global seaborne crude oil trade, have triggered the largest oil supply shock on record, with an initial reduction in global oil supply of about 10 million barrels per day.
Fertilizer prices are projected to increase by 31 percent in 2026, driven by a 60-percent jump in urea prices, while prices for base metals, including aluminum, copper and tin, are expected to reach all-time highs.
Precious metals prices are forecast to increase 42 percent as geopolitical uncertainty fuels demand for safe-haven assets.
Commodity prices could rise even higher if hostilities escalate or supply disruptions from the Iran war last longer than projected, the report said.
Indermit Gill, the World Bank Group's chief economist and senior vice president for Development Economics, said the war is hitting the global economy in cumulative waves, warning that poorer populations will be hardest hit.
ID : 8476921
Published : 2026-04-29 05:23
Last Modified : 2026-04-29 18:07:19
Source : China Central Television (CCTV),China Global Television Network (CGTN),Other,UNifeed
Restrictions : See shotlist
More