World Bank issues warning on oil prices

Oil prices could rise to more than $150 a barrel if the conflict in the Middle East escalates, according to the World Bank.A drawn-out war in the region could drive big rises in energy and food prices, just a year after prices spiked due to the Russian invasion of Ukraine.For now oil prices remain steady at around $90 a barrel and are predicted to fall.However, the Bank warns that this outlook could quickly reverse.