The UAE's oil revenues could get a boost if the country can source enough oil to replace Iranian oil exports to Europe, energy experts have said.
The European Union (EU) plans to halt oil imports from Iran from July 1.
Benchmark Brent crude prices rose to around $111.50 (Dh409.53) a barrel on Friday before a vote in Iran's parliament — which was later postponed — to halt exports to the European Union as early as this week in retaliation for EU plans.
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