Iraq declares force majeure on all oilfields developed by foreign oil companies, according to source reports
Every headline is on the live feed 20 minutes before this site.
Mexican Finance Minister says taking a wait-and-see approach on whether to alter Pemex crude shipments given current oil prices
Loud explosions reportedly heard in Isfahan, according to Al Hadath
Iraq declares force majeure on all oilfields developed by foreign oil companies, according to source reports
UK ministers have confirmed a deal for the US to utilize UK bases for defense
Fitch says the Brent oil price could average USD120/bbl in 2026 if the Strait of Hormuz remains effectively closed for six months, or USD 100/bbl if closed for three months
On the Newsquawk feed at , 20 minutes before this page.
Context
Iraq's declaration of force majeure on foreign-developed oilfields signals significant disruptions in oil supply, likely leading to concerns over tightened market conditions. This could elevate oil prices further, impacting energy stocks and related commodities. Traders should monitor how this development plays into broader geopolitical tensions and its implications for global energy supply dynamics.
Related headlines
- US lawmakers introduce bill to block US President Trump’s Russia diesel deal1 day ago
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL1 day ago
- Russia’s Ryazan oil refinery has halted operations of one of its primary units since October 15th drone attack, according to reports, citing sources1 day ago
- Russian President Envoy Dmitriev says Russia and the US discussed in the Arctic and LNG1 day ago
- Russia has reportedly doubled its attacks on Naftogaz facilities in 2026, sources say; Ukraine's 2026 gas consumption is seen falling by 1BCM after Russian strikes on business infrastructure1 day ago
- Russian Deputy PM Novak says that he sees no obstacles to direct diesel shipments from Russia to the US, adding that restrictions have been lifted, TASS reports1 day ago
- South Korea is reportedly to extend oil fuel price cap for another four weeks1 day ago
- Russia and Iran is reportedly discussing gas pipeline route and pricing1 day ago
- Japanese Chief Cabinet Secretary Kihara says Japan expects October crude procurement to be at the same level as last year1 day ago
- Irib reports that the East-West oil pipeline of Saudi Arabia has been targeted once again; adds, detection of a new thermal anomaly in the Yanbu area, near the oil pipeline1 day ago
- Two rockets were launched from the city of Tabriz in western Iran, Sabreen reports; Two missiles fired from Iran towards the Strait of Hormuz1 day ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict1 day ago
- [MARKET UPDATE] Crude benchmarks lift to session highs, gains of c. USD 2.00/bbl for WTI and Brent, to the continued detriment of fixed income, stocks and FX vs the USD1 day ago
- Fire has been reported in another violating tanker in the Sea of Oman, Mehr News reports1 day ago
- Germany's Upper House approves the further release of oil stocks following the G7 agreement1 day ago
- Russian Deputy PM Novak says the gasoline shortage on the Russian market currently is about 5%, Interfax reports; The global oil market is unbalanced, experienced shock, and has a significant supply deficit; the imbalance is estimated at 4-6mln barrels1 day ago
- Reports suggest that a force majeure at a natural gas field has been lifted1 day ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
- US FX WRAP: Dollar weighed by Warsh avoiding forward guidance 1 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
The feed had this first.
Use the Platform