1. The Organization of the Petroleum Exporting Countries held an emergency meeting due to rising oil prices caused by new sanctions on the Russian invasion of Ukraine. During the meeting, a proposal was introduced suggesting that each OPEC member should boost production by 10 percent to lower world prices from $75 to $70 per barrel. Nigeria, Saudi Arabia, Iran, and Kuwait were all considered in this proposal. The suggested rise of 10% in production aims to reduce oil prices shows that Nigeria would spend $25 more per barrel, Saudi Arabia $10, Iran $20, and Kuwait $15. Which country do you think would support the proposal? Explain your reasoning