Oil prices rise amid US-Iran impasse

Turning to the impact of the Middle East conflict on oil markets, global prices eased slightly on Friday after surging to a four-year high of over $126 per barrel the previous day, driven by fears that a prolonged war with Iran could worsen supply shortages. In related developments, the United Arab Emirates is set to formally exit OPEC, a неожиданное move that could disrupt the region’s economic balance. Head of Middle East Energy & OPEC and Insights at KPLER, Amena Bakr, shares her insights.