Crude oil prices have again surpassed $100 per barrel as the ripple effects of the Iran-United States-Israel war bite harder on the Gulf region and the world in general.

DAILY POST reports Brent topped $101.3 per barrel while West Texas Intermediate surged to $96.30 per barrel as of Friday morning after dipping to below $90 per barrel on Monday and Tuesday.

This means that Brent and WTI crude blend prices surged by 0.64 percent and 0.09 percent on a day-to-day basis as of the time of filing this report.

Twelve days of war had led to the blockage of the Strait of Hormuz and the shutdown of major refinery facilities in the region.

The US-Israeli alliance and Iran have refused to back down as the crisis in the Middle East affects economies worldwide, including Nigeria.

DAILY POST reports that premium motor spirit, a product of crude, had gone up at least three times since the war commenced on February 28th.

Dangote Refinery had raised its gantry petrol to N1,175 per liter, up from N799 before the Middle East conflict. However, the 650,000 barrels per day refinery cut the gantry price to N1,075 upon the cooling off of crude oil prices earlier this week.

Currently petrol and diesel prices go for as high as N1,330 and N1,690 per liter in parts of Abuja, with fear of further petroleum product hikes looming.