Oil prices rise amid US-Iran impasse

Summary: This report from France 24 - International breaking news, top stories and headlines covers recent developments in the Middle East region, specifically focusing on General Conflict signals.

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.