The latest military confrontation in the Middle East has once again demonstrated how fragile the global energy market can be. Within a matter of hours, geopolitical tensions pushed oil prices to the psychological threshold of $120 per barrel. Azerbaijan’s benchmark crude, Azeri Light, climbed as high as $125 on global markets. Yet the surge proved short-lived: following remarks by U.S. President Donald Trump, prices retreated sharply and fell below $90.
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