Alphabet (GOOG.O) executive says total future commitments, lease and purchase obligations exceed $1 trillion.

Baker Hughes CEO said Middle East infrastructure reconstruction could create opportunities to expand and upgrade gas and power infrastructure.

WBG said on Wednesday it expects global commodity prices to rise 23% in 2026, driven by higher energy from the Middle East war, shipping bottlenecks including blocked Black Sea grain flows, and safe‑haven demand for gold. The Commodity Markets Outlook noted large price gains this year across oil, gas, food and metals. It warned that further escalation of the Middle East conflict or continued damage to Russian oil infrastructure could worsen the outlook. The report forecasts a 7% pullback in commodity prices next year but cautions that a prolonged shock — including a potentially severe El Nifio — could keep food prices elevated, raising inflation and the risk of monetary tightening. WBG also said global oil inventories have been drawn down during the Middle East war and expects global oil supply to fall 5.2% in 2026, the largest decline in roughly 40 years outside the 2020 downturn.