Oil prices headed to ‘uncharted waters’

The organization warned millions could go hungry if hostilities between Israel and Hamas continue to intensify Continued escalation of Israel’s war with Hamas could push oil prices into “uncharted waters,” the World Bank warned in its Commodity Markets Outlook on Monday. The World Bank cautioned that while the war’s effect on oil prices had been limited thus far, the future “would darken quickly if the conflict were to escalate.” The organization’s report outlined three potential futures based on the level of disruption escalating hostilities might cause in global oil supply. A “small disruption,” removing 500,00

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