--- title: "Commodity Prices Could Jump 16% In 2026 Amid Iran War, Says World Bank: DBC, DBB, GLTR Gain Spotlight" type: "News" locale: "en" url: "https://longbridge.com/en/news/284518712.md" description: "The World Bank projects a 16% increase in global commodity prices by 2026 due to escalating Middle East conflicts, significantly impacting inflation and financial markets. Energy prices are expected to rise 24% this year, with Brent oil averaging $86 per barrel in 2026. Fertilizer prices may surge 31%, affecting food security. Industrial metals like aluminum and copper are also forecasted to reach new highs, while precious metals could rise 42% as investors seek safe-haven assets amid geopolitical tensions. This outlook could benefit various commodity-focused ETFs." datetime: "2026-04-29T07:43:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284518712.md) - [en](https://longbridge.com/en/news/284518712.md) - [zh-HK](https://longbridge.com/zh-HK/news/284518712.md) --- # Commodity Prices Could Jump 16% In 2026 Amid Iran War, Says World Bank: DBC, DBB, GLTR Gain Spotlight A widening conflict in the Middle East is set to trigger the global commodity surge, with broad implications for inflation, growth and financial markets, according to the World Bank Group. The bank, in its Commodity Markets Outlook report, projects overall commodity prices to climb 16% in 2026, driven by a sharp spike in energy and fertilizer costs. The projection will likely drive gains in the **DB Commodity Index Tracking Fund** (NYSE:DBC), which offers exposure to futures contracts of the most heavily traded and important physical commodities in the world. Crude oil futures make up for 34.5% share in the basket, followed by 11.4% share in gold. DBC has $1.8 billion in assets under management (AUM) and has an expense ratio of 0.85%. It trades in an average daily volume of 2 million shares. ## **Biggest Energy Price Spike In Four Years** Energy prices are projected to jump 24% this year, marking the steepest increase since the fallout from Russia's invasion of Ukraine. The bank said strikes on energy assets and shipping problems around the Strait of Hormuz have produced what it called the largest oil supply shock on record, with an initial hit of about 10 million barrels per day. The Strait accounts for roughly 35% of global seaborne crude shipments, the release said. Even after backing off recent highs, Brent was still more than 50% higher in mid-April than at the start of the year, the bank said. In its baseline, Brent is expected to average $86 per barrel in 2026, compared with $69 per barrel in 2025. Currently, Brent oil is trading above $110 per barrel. "The war is hitting the global economy in cumulative waves: first through higher energy prices, then higher food prices, and finally, higher inflation, which will push up interest rates and make debt even more expensive," said **Indermit Gill,** the World Bank Group's Chief Economist and Senior Vice President for Development Economics.  ## **Food Price Set To Explode** Fertilizer prices projected to increase 31% in 2026 as urea prices jump 60%. The World Bank said affordability for fertilizer is set to worsen to its weakest point since 2022, which could squeeze farm income and weigh on future harvests. The release also flagged a downside risk scenario in which a longer conflict could intensify food stress. Under that outcome, up to 45 million additional people could fall into acute food insecurity this year, based on World Food Programme estimates cited by the bank. **Read Also: Bitget Launches Mag 7 Earnings Prediction Contest With $1,000 USDT Prize: All You Need To Know** ## **Industrial Metals Set For New Records** Beyond energy and farm inputs, the World Bank said several industrial metals are expected to set new records, including aluminum, copper, and tin, citing demand tied to data centers, electric vehicles, and renewable energy. This projection could boost **Invesco DB Base Metals Fund** (NYSE:DBB), having an AUM of $352.3 million and average daily volume of 430,000 shares. It offers exposure to futures contracts on some of the most liquid and widely used base metals like aluminum, copper and nickel. DBB has an expense ratio of 0.74%. **Benzinga Edge Stock Rankings** indicate that DBB has a Momentum score in the 72nd percentile. It maintains a strong price trend in the short, medium and long term. The bank also forecast precious metals prices to rise 42% on average in 2026 as investors seek perceived safe-haven assets amid geopolitical uncertainty. Gold prices are hovering near $4,600 per ounce level while silver is trading near $73 per ounce. Silver is witnessing a surge in demand, especially in China, with imports reaching a record high of approximately 836 tonnes in March, up 78% from February and 173% above the 10-year seasonal average for March. The precious metal surge would likely drive gains in **abrdn Physical Precious Metals Basket Shares ETF** (NYSE:GLTR), which measures the performance of the prices of physical gold, silver, platinum and palladium, in the proportion held by the Trust. With an AUM of $3 billion, the fund trades in an average daily volume of about 62,000 shares and charges 0.60% in annual fees. **Benzinga Edge Stock Rankings** indicate that GLTR has a Momentum score in the 78th percentile but maintains a weak price trend. **Benzinga Edge Stock Rankings** indicate that DBC has a Momentum score in the 84th percentile with a strong pricing trend in short, medium and long term. The following table shows price performances of ETFs in percentage change over the one-month and year-to-date: **ETFs** **One-Month Performance** **YTD Performance** DBC 3.69% 35.69% DBB 6.56% 8.41% GLTR 2.66% 4.03% _Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ **Read Also: Chevron CEO Mike Wirth Warns Oil Prices Face Prolonged Pressure Due Amid Strait of Hormuz Crisis: 'Can't Turn On Production At A Moment's Notice'** _Photo courtesy: Shutterstock_ ### Related Stocks - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [COPJ.US](https://longbridge.com/en/quote/COPJ.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [SLV.US](https://longbridge.com/en/quote/SLV.US.md) - [XME.US](https://longbridge.com/en/quote/XME.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [PDBC.US](https://longbridge.com/en/quote/PDBC.US.md) - [159588.CN](https://longbridge.com/en/quote/159588.CN.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [COPX.US](https://longbridge.com/en/quote/COPX.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GDX.AU](https://longbridge.com/en/quote/GDX.AU.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [PPLT.US](https://longbridge.com/en/quote/PPLT.US.md) - [GDXJ.UK](https://longbridge.com/en/quote/GDXJ.UK.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [82824.HK](https://longbridge.com/en/quote/82824.HK.md) - [COPP.US](https://longbridge.com/en/quote/COPP.US.md) - [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md) - [PICK.US](https://longbridge.com/en/quote/PICK.US.md) - [DBB.US](https://longbridge.com/en/quote/DBB.US.md) - [PHYS.US](https://longbridge.com/en/quote/PHYS.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [GBUG.US](https://longbridge.com/en/quote/GBUG.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [GLTR.US](https://longbridge.com/en/quote/GLTR.US.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [SIL.US](https://longbridge.com/en/quote/SIL.US.md) - [SLVR.US](https://longbridge.com/en/quote/SLVR.US.md) - [DBO.US](https://longbridge.com/en/quote/DBO.US.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [DBC.US](https://longbridge.com/en/quote/DBC.US.md) - [CVX.US](https://longbridge.com/en/quote/CVX.US.md) ## Related News & Research - [TREASURIES-Yields inch lower as inflation concerns persist](https://longbridge.com/en/news/287069290.md) - [Asia Fuel Oil-Markets pare strength amid tepid demand expectations](https://longbridge.com/en/news/287051717.md) - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk](https://longbridge.com/en/news/286992430.md) - [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)