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Iraq Oil Ports Come to Full Halt after 2 Tankers Hit and Set Ablaze
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Following the attack on oil tankers, Iraq's oil ports have completely ceased operations, while commercial ports continue to operate, Iraqi national media reported. Two foreign oil tankers carrying Iraqi fuel were set ablaze after being struck by Iran, resulting in the death of one foreign crew member, with 38 people rescued so far, Iraqi port security official said. This morning (12th), international oil prices advanced, with Brent oil futures up 7.65% to USD99.02 per barrel, and New York oil futures up 7.52% to USD93.81 per barrel. AASTOCKS Financial News Website: www.aastocks.com |
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