New Delhi, March 2 -- Energy policy expert Narendra Taneja on Monday projected a short-lived period of volatility for the oil market following the recent Iran-Israel conflict escalations, while predicting the crude oil price to increase to around 80 dollars per barrel during the period.

Taneja expects stability to return within 7 to 10 days as he anticipates that the US and Israel are likely call for diplomatic negotiations after their objectives are met.

Speaking to ANI, Taneja said, "I'm worried about the way things are going, but my own sense is that probably within the next 7-10 days, things will begin to stabilise. Probably the United States and Israel are going to say, all right, we have achieved what we have set out to achieve, a...