Iraq suspended all oil terminal operations Thursday after explosive attacks struck two tankers in its territorial waters, sending shockwaves through global energy markets. 🔥 Authorities confirmed one crew member died, while 38 others were rescued from the burning vessels.
🌊 The attacks occurred 50km off Iraq's coast, with one tanker carrying condensate from Basrah Gas Company and another chartered by an Iraqi firm. Security expert Farhan Al-Fartousi told state media the explosions' cause remains unclear—possibly from direct strikes or waterborne bombs.
Regional Flashpoint
This incident comes as Middle East tensions hit boiling point following weeks of US-Israeli strikes on Iran and counterattacks by Iran-aligned groups. 💣 Analysts warn the conflict could disrupt 3% of global oil shipments passing through the Persian Gulf.
While commercial ports remain open, Iraq's oil export pause—affecting ~4 million barrels daily—has already caused Brent crude prices to spike 2.3% in early trading. 📈 Energy ministers from OPEC+ nations are expected to hold emergency talks this weekend.
