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Commodity prices may rise if Gaza conflict spreads, says WB
Credit: IndiaTimes- Published on October 31, 2023
The World Bank has warned that an escalation of the conflict in Gaza and its spread to other parts of West Asia could lead to a significant increase in commodity prices, especially oil. The report suggests that oil prices could rise by as much as 75% if global supply decreased by 6-8%. This could also impact food supply and...
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