World Bank warns oil price could soar to record $150 a barrel

World Bank warns oil price could soar to record $150 a barrel

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Oil prices could soar to a record high of more than $150 a barrel if the war between Israel and Hamas leads to a repeat of the full-scale conflict in the Middle East witnessed 50 years ago, the World Bank has warned. In the first major assessment of the economic risks of an escalation of the war…

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