Member of the Parliamentary Oil and Gas Committee Alaa Al-Haidari estimated that the ongoing war in Gaza would rise to the global prices of oil.
In a meeting with, Al-Haidari, said, “This increase will not affect this year’s budget, noting that oil markets are related to a lot of factors that might cause their prices in the global market to increase, especially those related to the war between Russia and Ukraine, as well as the tensions taking place in the Middle East region.”
He said, “There is a variable that is pushing oil costs higher before long, taking note that worldwide business sectors have seen basic vacillations in oil costs after the flare-up of the conflict among Russia and Ukraine just as the conflict to murder the Palestinian public.”
He described that “the drop in the cost of oil to under $70 per barrel won’t affect the rates of pay.
