On the London market, oil prices surged 8.8 percent in just one week, reaching 112.19 dollars per barrel. The rise is driven by Middle East tensions and disrupted exports through the Strait of Hormuz.

Since the start of the year, oil prices have risen 83 percent. The International Energy Agency director said this crisis is worse than the combined oil shocks of the 1970s.

If disruptions persist, the price per barrel could reach 150 dollars.