Iraqi Cabinet authorises Iraqi oil tankers company to lease available tankers in Gulf for storage or other uses to extend refinery operations when sales are not possible

The Iraqi Cabinet's decision to allow the leasing of tankers for storage indicates that they are preparing for potential fluctuations in oil sales, which could point to supply concerns or attempts to manage inventory more effectively. This move could influence market sentiment regarding oil supply stability, potentially impacting WTI prices and overall commodity flow in the region.