Global oil prices surged past the $100 per barrel mark for the first time in more than three and a half years on Sunday, as the ongoing conflict in the Middle East continues to disrupt energy production and shipping routes across the region.

The price of Brent crude, the international benchmark for oil, rose sharply to $107.97 per barrel after trading resumed on the Chicago Mercantile Exchange. The surge represents a 16.5% increase compared with its Friday closing price of $92.69.

Meanwhile, West Texas Intermediate (WTI), the primary benchmark for U.S. crude oil, climbed to approximately $106.22 per barrel, up 16.9% from its previous closing price of $90.90. Analysts note that prices could continue to fluctuate as global markets react to developments in the conflict.

The dramatic rise in oil prices follows a week of major gains, with U.S. crude jumping by roughly 36% and Brent crude increasing by about 28%. Energy markets have been shaken by the war, which has now entered its second week and has drawn attention to key production zones and critical shipping routes linked to the Persian Gulf.

The region plays a central role in the global supply of oil and natural gas, and any disruption to its infrastructure or shipping lanes can quickly affect international markets. Concerns about the safety of tankers, potential supply shortages, and the possibility of wider regional escalation have all contributed to the rapid rise in prices.

Energy analysts warn that prolonged instability in the Middle East could continue to push prices higher, potentially increasing fuel costs worldwide and placing additional pressure on already fragile global economic conditions.