{
  "id": 16920475,
  "title": "Energy prices to climb 32% this year as global shocks mount, World Bank says",
  "url": "https://urgent.news/2026/10/28/energy-prices-to-climb-32-this-year-as-global-shocks-mount-world-bank",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T15:48:39.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/economy/2026/10/28/energy-prices-climb-world-bank/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The World Bank has forecasted a 32% increase in energy prices this year, driven by conflicts in the Middle East and Ukraine, which are causing global commodity prices to surge by 23%. Brent crude is expected to rise from $69 per barrel in 2025 to $91 per barrel this year, before easing to $79 in 2027. The bank warns that if tensions intensify in the Iran war or Russia's oil infrastructure remains damaged, energy prices could climb further. This price escalation threatens to worsen inflation, food insecurity, and economic growth.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "World Bank rates progress on KP hydropower, renewable energy project 'moderately unsatisfactory'",
        "url": "https://urgent.news/2026/10/28/world-bank-rates-progress-on-kp-hydropower-renewable-energy-project",
        "published": "2026-10-28T16:00:50.000Z"
      },
      {
        "outlet": "Punch",
        "title": "World Bank forecasts 23% rise in commodity prices",
        "url": "https://urgent.news/2026/10/28/world-bank-forecasts-23-rise-in-commodity-prices",
        "published": "2026-10-28T16:20:52.000Z"
      },
      {
        "outlet": "Daily Times",
        "title": "World Bank forecasts 23% surge in commodity prices in 2026",
        "url": "https://urgent.news/2026/10/28/world-bank-forecasts-23-surge-in-commodity-prices-in-2026",
        "published": "2026-10-28T16:36:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}