IRAQI OIL SUPPLY MARKET IN A ‘FRAGILE SITUATION’, IEA WARNS

Iraq is the Middle East’s second-biggest oil producer. However, the latest warnings by the International Energy Agency declared Iraq’s oil supplies as ‘potentially vulnerable’. The newshit the nation amid rising pressures as the government struggled with political risks in the country and surrounding regions.
Crude prices soared to a three-month high above $70 a barrel for a brief period last week. This was amid ....