According to Iran's state broadcaster (IRIB), Iranian Foreign Minister Araghchi has departed for Baghdad to attend the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers meeting. The meeting's theme is "Dialogue and Solidarity are Pillars of Peace and Sustainable Development." Araghchi will lead a diplomatic delegation and hold bilateral talks with several participating ministers. The meeting comes amid escalating US-Israel-Iran conflicts and the war in Yemen, exacerbating regional security and energy supply concerns. Brent crude futures settled up 3.7% at $109.86 a barrel on Friday, while US WTI crude rose 3.5% to $101.41 a barrel.