Oil was $109 when I checked. Some parties may ramp up production but an active military conflcit is going consume a large volume of oil. Prices are only going up from here.
There may be some short term spikes, but $100/barrel is the hard limit now. We actually have effectively unlimited oil supplies now, but the economics of it don't converge until that price. At 100$, it becomes feasible for all of the more expensive fracking infrastructure to come back online, which puts a hard cap on the price.