Blogger Comment: The World Bank if you did not know is a Globalist’s construct and even one my friends and colleagues who was a right-hand trusted senior executive of the UN Secretary-General Kofi Annan stated to me that, the World Bank has crucified the developing world economies with vast debt, not saving it as we were all told…indeed the harm to humanity that the World Bank discusses here is just the tip if the destructive iceberg in what is coming and just one of the Globalist’s construct again to destroy humanity in the next few short years and usher in the Globalist’s 2030 Agenda to control humanity under the usual banner of we are going to save you, but forever this time…so don’t be fooled with what’s going on now, as it is all been planned well in advance (just like Covid-19 and their death wish mRNA vaccines, killer chemtrails and the impending western war with NATO) by the Globalists and which are all their constructs in reality; through their machinations of the WEF (Kissinger was a prime driver with an insane mind), The Trilateral Commission (a Rockefeller evil enslavement construct and the most evil family to ever have existed by far), the Club of Rome and the Bilderberg Group (where Kissinger again was a prime driver and the architect of the Globalist thinking with global depopulation and control) et al that constitute the world’s super mega rich hidden in clear sight individuals (and dynasty families) who hate the general population and are breaking humankind bit-by-bit over the next few 3.5 years by their usual divide and conquer destructive methods…but where now they are out to totally destroy humanity as it is and control what is left of it after 2030 once they have destroyed western civilization to a level that they can control and where there is no doubt now that western economies will also perish and that is clearly on the horizon now…trust no-one…as there are mega global threats on the horizon like no others in our civilization’s history to make their evil system a final reality…

.

The World Bank is sounding the alarm over what it now describes as the “largest energy supply shock on record” as the expanding Iran conflict sends oil markets into chaos, crushes global demand, and threatens to unleash a new wave of inflation and food insecurity across the world.

In a stark report published this week, the World Bank warns that the disruption spreading through global energy markets is no longer a short-term spike but a systemic shock rippling across entire economies.

“Oil demand destruction is emerging,” the organization states bluntly.

Iran Conflict Sends Oil Markets Into Turmoil

The crisis centers around the Strait of Hormuz, one of the world’s most critical energy chokepoints.

Roughly 20% of all global oil and natural gas exports normally pass through the narrow corridor.

As tensions escalated during the Iran war, crude oil prices exploded by approximately 65% within the first month alone.

It marks a roughly $46-per-barrel surge.

The World Bank describes the spike as the largest monthly increase ever recorded.

Now the consequences are spreading rapidly through the global economy.

According to the report, worldwide oil demand already dropped by 0.8 million barrels per day year-over-year in March and is projected to collapse by another 1.5 million barrels per day during the second quarter of 2026.

At the same time, global oil production is expected to plunge by nearly 7 million barrels per day, a 6.6% annual decline that marks the steepest quarterly contraction since the pandemic-era economic shutdowns.

The World Bank warns that oil markets are now heading toward a massive supply deficit of 3.7 million barrels per day.

Global Inflation Crisis Deepens

Even if tensions temporarily cool, the World Bank warns that energy markets are unlikely to stabilize anytime soon.

“Even if disruptions ease later this year, oil markets are expected to stay tight in the near future amid ongoing geopolitical risks, uncertain regional flows, and dislocation of shipping assets,” the report states.

The organization now expects crude oil prices to average roughly $86 per barrel this year.

But if the conflict intensifies or shipping disruptions worsen, prices could surge to between $95 and $115 per barrel, levels that would likely hammer consumers, businesses, and food supply chains worldwide.

The inflationary fallout is already beginning to spread far beyond gasoline prices.

Food Prices and Fertilizer Costs Exploding

The World Bank warns that fertilizer prices are projected to jump another 30% this year, driven largely by a staggering 60% spike in urea costs.

That increase threatens to trigger severe downstream consequences for global food production.

“If greater disruptions drive fertilizer and other input costs even higher, knock-on impacts on food prices could push tens of millions more people into acute food insecurity globally,” the report warns.

The organization also sharply downgraded global growth expectations.

Its forecast for emerging and developing economies was cut from 4.0% to 3.6%, while inflation projections surged from 4.1% to 5.1%.

Another Global Shock Hits Already-Strained Economies

The report adds to mounting fears that the Iran conflict is rapidly evolving into a full-scale economic crisis with worldwide consequences.

After years of inflation, supply chain instability, sanctions battles, and geopolitical turmoil, governments and central banks are now facing another major energy shock with the potential to hit households through higher fuel costs, rising food prices, and slowing economic growth simultaneously.

The World Bank’s warning underscores just how fragile global markets have become as the conflict surrounding Iran continues to destabilize critical energy infrastructure and international shipping routes.

Follow the link for the source… https://slaynews.com/world-banks-warns-largest-energy-supply-shock-record/

And,

READ MORE – EU Mandates ‘Driver-Monitoring Cameras’ in All Vehicles