The World Bank predicts a 24% increase in energy prices due to the Iran war and the blockade of the Strait of Hormuz, marking the most significant spike since Russia's invasion of Ukraine. This volatility threatens inflation and economic progress in developing nations, with global commodity prices expected to rise by 16% by 2026. The report highlights the severe disruption in oil supply and urges targeted fiscal support for vulnerable households. The UAE's exit from OPEC may further complicate the situation, as geopolitical risks continue to impact market stability and global growth forecasts are lowered.