Fire reported at an oil refinery in Erbil, Iraq, Al Hadath reports

The fire at the oil refinery in Erbil could disrupt supply in a region that is already sensitive to geopolitical tensions.

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Fire reported at an oil refinery in Erbil, Iraq, Al Hadath reports

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Traders should monitor how this incident affects market dynamics, especially for WTI prices, as any confirmed disruption in supply may lead to upward pressure on oil prices given the current balance of supply and demand.

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