OPEC

Iraqi Supply Loss Exposes OPEC Spare Capacity Limits

Stock market news /

BRN=F Iraqi Oil Supply Loss Triggers Market Volatility Fears Key Takeaways Iraq has reportedly taken **1.5 million barrels per day (bpd)** of crude oil production offline due to escalating constraints on exports through the Strait of Hormuz, per industry reports. Iraqi officials have warned the daily production loss could escalate to **3 million bpd** if […]

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$USOIL Surges 8% Amid Iran Supply Disruption Fears

Stock market news /

U.S. crude oil prices surged more than 8% in early trading, topping $72 a barrel, as geopolitical tensions escalated following reports of U.S.-Israel strikes that resulted in the death of Ayatollah Ali Khamenei. Key Takeaways U.S. crude oil prices surged more than 8%, reflecting immediate market reactions to geopolitical events (per market data). The benchmark

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