Amid escalating tensions in the Middle East and Iran's air strikes on oil tankers and oil depots in the Gulf countries, the price of a barrel of oil on the world market has again surpassed 100 dollars.
Medianews.az reports that as the war between the USA and Israel with Iran seriously affects global fuel supply, volatility in the energy market is increasing.
As the conflict's impact on the energy market grows, traders raise prices considering the possibility of reduced supply.
Although member countries of the International Energy Agency decided on March 11 to release a record 400 million barrels of oil to the global market, on March 12 the price of a barrel of "Brent" crude oil, considered a key benchmark in the world market, rose by 8.7 percent, surpassing the 100-dollar mark.