00:00Global oil prices rose nearly 3% on Tuesday.
00:04Econom says the United Arab Emirates is set to exit OPEC and OPEC Plus in May
00:09and could boost its output after that.
00:12That news trimmed prices a bit, though they've continued rising
00:15as the U.S.-Eran stand-up in the Strait of Hormuz keeps concerns over supply high.
00:21Disruptions could see prices rise significantly this year,
00:24with the World Bank warning of a 24% increase.
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