The World Trade Organization (WTO) recently issued a cautionary report highlighting that ongoing high prices for oil and gas could pose significant challenges to global trade growth in 2026. On Thursday, in a presentation in Geneva, the director general stated that the current high energy prices, if sustained, would undermine projections for the economy as well as the multilateral trading system. This warning comes amidst a backdrop of already pessimistic forecasts for trade growth in goods, which is expected to decline to 1.9% this year from 4.6% in the previous year.