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Oil prices could reach uncharted waters if the Israel Hamas war escalates, the World Bank says

The World Bank reported Monday that oil prices could be pushed into "uncharted waters" if the violence between Israel and Hamas intensifies

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World Bank: Major Escalation In Israel-Hamas War Could Send Oil Soaring To $157

The World Bank believes oil prices will average $81 in 2024 if the Hamas-Israel war doesn’t escalate to become a regional conflict.

Indermit gillTsvetana paraskovaWorld bankDevelopment economicsCommodity markets outlookMiddle eastChief economistSenior vice presidentCrude oilOil pricesMiddle east

The Report States That The Violence Spillover Could Also Impact Global Food Prices - Click The Link For More

The report states that the violence spillover could also impact global food prices

Gaza stripWorld bank onWorld bank commodity markets outlookIsrael defense forceWorld bankCommodity markets outlookMiddle eastIran backed hezbollah

Oil prices could reach uncharted waters if the Israel-Hamas war escalates, the World Bank says - The Daily Reporter

Oil prices could reach uncharted waters if the Israel-Hamas war escalates, the World Bank says - The Daily Reporter
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World bankDistrict of columbiaUnited statesIsrael generalFatih birolIndermit gillAyhan koseJanet yellenBenjamin netanyahuInternational energy agencyWorld bank commodity markets outlookCommodity markets outlookIsraeli prime minister benjamin netanyahuIran backed hezbollahMiddle eastTreasury secretary janet yellen

World Bank: Oil prices may reach uncharted waters if Israel-Hamas war grows

The organization's Commodity Markets Outlook finds that the effects on oil prices should be limited if the conflict doesn't widen.

World bankDistrict of columbiaUnited statesCommodity markets outlook7 action newsIsrael hamas warThe world bankMetro detroit

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