Food Security: World Bank: Middle East Conflict Drives up Agricultural Commodity Prices by 8% Globally

Jun 17, 2026
Maaal
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The World Bank’s Commodity Markets Outlook projects that fertilizer prices will rise by an average of 31% in 2026, with the ongoing conflict in the Middle East exacerbating risks to food security. Disruptions to oil, gas, and fertilizer flows through the Strait of Hormuz have led to a 46% month-on-month increase in urea prices and an 8% rise in agricultural commodity price indices, raising the risk of a price crisis characterized by unaffordability.