The World Bank's warning against the economic consequences of escalating tensions in the region.
In its latest report, the World Bank investigated the economic consequences of the spread of conflicts.
According to this report, in case of widespread tensions, the price of the main products will increase this year by 23%.
🔹 The increase in energy prices and the occurrence of disruptions in maritime transport routes are considered one of the main factors for price growth.
🔹 This international organization also predicted that in a crisis scenario, the global oil supply would face a significant decrease; A drop that could be the biggest drop in supply in the last four decades.