Oil Spikes Above $110 on Iran War Escalation and UAE OPEC Shock Exit

Brent surges above $110 as fears grow that the U.S.-Iran war could drag into a prolonged conflict, while the UAE’s shock OPEC exit raises questions over a broader Middle East energy realignment. Oil Boom, Currency Zoom: Energy Winners Surge as Importers Feel the Burn- The US-Iran conflict has propelled currencies from energy-exporting countries into the limelight, with windfall profits from exports of oil, gas and metals helping them to outperform the US dollar.- Strategists from JP Morgan and Deutsche Bank have singled out the Norwegian…