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The World Bank predicts a global food price increase of 18% from 2025 to 2027 due to supply challenges from wars and an exceptional El Niño weather phenomenon. Energy prices are expected to rise by 32% this year, influenced by Middle Eastern conflicts, with Brent crude oil prices averaging $91 per barrel. A potential resumption of conflict with Iran could push oil prices to $105 per barrel by 2027, further increasing food prices by an additional 12%. The report highlights significant shocks to commodity markets, emphasizing the need to protect vulnerable populations and support low-income countries facing debt burdens. Global oil demand is projected to decline by 2.5% this year, partly offsetting a 5.2% drop in oil supply, marking the steepest decline in 40 years. Fertilizer prices are expected to rise by 14% this year, while metal prices may increase by 25% in 2026 due to demand from renewable energy and electric vehicle sectors.