After the attack on Iran's oil and gas facilities, Saudi media reported that the flow of Iranian oil to Iraq had completely stopped, Kann News reports
Context
The cessation of Iranian oil flow to Iraq following the attack on Iranian facilities marks a significant escalation in regional tensions that could impact oil supply dynamics. This stoppage may lead to upward pressure on WTI prices as markets react to potential supply disruptions amid ongoing geopolitical instability. Traders should monitor energy market reactions, including any shifts in sentiment towards safe-haven assets.
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