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A World Bank report says an adverse scenario would push oil to $105 per barrel in 2027 and food prices above their 2022 level. It notes Strait of Hormuz attacks continue and that Black Sea grain strikes could lift maize and wheat prices.
Renewed Middle East escalation could tighten crude, refined products and LNG, raising feed and freight costs, while Black Sea disruption cuts wheat and maize export supply and supports prices.
geographical.co.ukVictoria HeathNov 13, 2026After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
