Monday, May 4, 2026
News update
- Energy prices surge to highest in 4 years as conflict spreads |
- 16 DIGs Among 17 Police Officials Sent on Retirement |
- Remittance Hits $3.12b in April, Continues Uptrend |
- Exports Jump 33% in April, Ending Months of Decline |
- Over 1.23cr sacrificial animals ready for Qurbani: Minister |
Energy prices surge to highest in 4 years as conflict spreads
Energy
2026-05-03, 10:51pm
Petrol being sold at a refuelling station in Dhaka City.
The war in the Middle East is sending shockwaves through the global economy, affecting everything from international energy markets to your weekly grocery bill.
Global commodity prices are expected to rise 16 percent this year, according to our just-released Commodity Markets Outlook—and energy prices may surge by 24 percent, their highest level since Russia’s invasion of Ukraine in 2022. As Chief Economist Indermit Gill warns: “The poorest people, who spend the highest share of their income on food and fuels, will be hit the hardest.” - World Bank Group