Iraqi security source says six drones were shot down in the skies of Erbil

Drone and rocket activity over Erbil sits in a well-worn pattern of attacks attributed to Iran-aligned militia groups targeting the Kurdistan region's airport and the US-led coalition presence nearby, episodes that have recurred in waves whenever US-Iran or Iran-proxies tensions have risen. The relevant distinction for markets is between interception and impact: salvos shot down have historically produced only fleeting risk premia, while ones that hit facilities, cause casualties, or kill US personnel have drawn retaliatory strikes and a more durable repricing of crude and regional risk. The mechanism to crude runs through Iraqi export infrastructure and any spillover toward Kurdistan pipeline flows or southern fields, though past drone incidents of this kind have rarely interrupted physical supply. Attribution matters: claims of responsibility from specific militias versus silence or denial has tended to signal whether escalation is intended or performative. Worth watching are any follow-on salvos, official confirmation from Baghdad or Kurdish authorities, and whether the US characterises the target as its own forces, which has historically been the trigger for a kinetic response.