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Yemen, Mideast on verge of Arab Spring 2: Expert

The Middle East is on the verge of what has to be called Arab Spring 2, the executive chair of the Global Energy Symposium said on Thursday.

A Saudi-led coalition began airstrikes on Yemen on Thursday to combat Shiite rebels who have overrun much of the country.

All of this means more uncertainty in the region's stability and in oil prices, he said.

"Even though Yemen does not have a cog to play in the exporting of oil, the entire region now is becoming less stable and that's disconcerting," Kent Moors said in an interview with "Closing Bell."

"The worst is really yet to come in terms of the uncertainty."

Read MoreWar in Yemen: What it means—and doesn't mean

Members of the Yemeni security forces loyal to the Huthi movement brandish their weapons during a gathering in Sanaa, Yemen, March 26, 2015.
Mohammed Huwais | AFP | Getty Images
Members of the Yemeni security forces loyal to the Huthi movement brandish their weapons during a gathering in Sanaa, Yemen, March 26, 2015.

The conflict has pitted two big oil production nations against each other, Saudi Arabia and Iran, which is supporting the rebels.

Moors thinks the real problem is that the Sunni-Shiite disagreement is now at the center of things, which he said most nations were able to avoid during the first Arab Spring.

At the time, those countries were "able to buy off opposition with large influxes into social programs and government benefit," Moors said.

However, that was funded during a time of much higher oil prices and "there isn't that luxury this time. The opposition is coming back and the situation is less stable."

Read MoreWhat's going on in Yemen—and why are Saudis involved?

As for where oil is headed, Moors thinks U.S. crude could hit $62 to $65 by July, with Brent reaching $70 to $73 by then.

On Thursday, U.S. crude settled up 4.5 percent at $51.43 a barrel. Brent was last up more than 4 percent at $58.92.