Global oil prices have traced a volatile but steadily rising trajectory since the onset of the conflict, reflecting mounting supply fears and geopolitical uncertainty. Starting at around $94 per barrel before the war, prices saw modest early gains, inching up to nearly $96 within the first week. However, volatility soon set in, with brief dips followed by sharper climbs. By mid-March, oil prices surged past the $100 mark, continuing their upward momentum to reach around $105 within days. The most dramatic spike came after targeted strikes on oil infrastructure, pushing prices to a peak of nearly $119 per barrel. While prices have slightly eased to around $107, the broader trend highlights sustained pressure on global energy markets. The fluctuations underscore how quickly geopolitical tensions can disrupt supply expectations, keeping oil markets on edge.
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