US oil exploration influenced by Egyptian instability

The Arab spring has sprung and gone. All that remains is the smouldering ruins of Syria, which has less than 300k BBL production and Egypt which also has negligible production to the world market.  Nonetheless, the Suez canal is open, but the brooding civil war possibilities is adding geopolitical fees on top of the price of oil according to the Financial Times. Brent crude cleared $110/bbl today with some of the increase thought to be caused by the additional unrest in Egypt.