Oil jumps $1
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The Kurdistan Region Presidency on Tuesday strongly condemned a series of drone attacks targeting vital oil infrastructure over the past two days, urging the federal government in Baghdad to take urgent measures to prevent further attacks and bring those responsible to justice.
Oil rose as US equity markets strengthened amid signs of a tightening supply outlook. Most Read from BloombergThe Dutch Intersection Is Coming to Save Your LifeAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsLA Homelessness Drops for Second YearManhattan,
An explosion rocked the Sarang oil field operated by HKN Energy in Iraq’s semi-autonomous Kurdistan region early Tuesday morning, forcing the company to suspend operations as emergency crews battled ongoing fires.