Two explosive drones hit Iraq’s Southern Majnoon oilfield, according to reports

The reported drone strikes at Iraq's Southern Majnoon oilfield signal a potential escalation in geopolitical tensions that could disrupt oil supply. Given the importance of this field in the global oil market, the incident may lead to heightened volatility in oil prices and increase demand for safe-haven assets. Traders should monitor energy prices and broader risk sentiment closely following this development.