Explosions heard in the Bahreke area of Erbil, Iraq. Subsequently, Tasnim reports of a drone attack in the province.

The reported explosions and subsequent drone attack in Erbil, Iraq, indicate a potential escalation in regional tensions, which could have implications for oil markets and security sentiment.

Newsquawk StaffPublished 15 May 2026, 08:44 UTCOn the live feed at 08:24 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

08:30

[MARKET UPDATE] Energy at fresh highs as updates on US-Iran are not constructive, further pressure seen in both European & US equity futures while fixed returns to lows

08:27

Iranian Foreign Minister Araghchi says contradictory messages from the US remain the main issue

08:24

Explosions heard in the Bahreke area of Erbil, Iraq. Subsequently, Tasnim reports of a drone attack in the province.

08:00

Italian Inflation Rate YoY Final (Apr) Y/Y 2.7% vs. Exp. 2.8% (Prev. 1.7%)

08:00

Italian Inflation Rate MoM Final (Apr) M/M 1.1% vs. Exp. 1.2% (Prev. 0.5%)

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Context

Traders should monitor reactions in crude prices and safe-haven assets, as such events often lead to volatility in the region's geopolitical landscape.

All markets · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

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