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Energy costs set to hit highest since Ukraine war as Middle East tensions spread
Economy
Published on 28 April 2026
Fertilizer prices could jump fast, squeezing farmers first
The World Bank warns global energy costs are poised to peak at the highest level since the Ukraine invasion, driven by Middle East conflict. Fertilizer prices are also expected to rise sharply, threatening crop yields and farmer incomes. As inflation climbs, interest rates may increase, making borrowing more expensive for developing countries and the poorest households.
- World Bank projects energy costs will peak since the Ukraine war
- Middle East conflict is a key trigger for higher energy prices
- Rising fertilizer costs could reduce crop yields and farmer returns
- Higher inflation may lift interest rates, raising debt burdens
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times