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Saber-Rattling With Iraq Adds Uncertainty to Oil Market - Wall Street Journal

The prospect of U.S. sanctions against Iraq added another variable to oil traders’ calculus, increasing the uncertainty around future oil supplies as tensions mount in the Middle East.

In response to the U.S. airstrike last week that killed Iran’s Maj. Gen. Qassem Soleimani in Baghdad, Iraq’s parliament voted Sunday in favor of a nonbinding resolution to expel American forces from the country. President Trump responded over the weekend by threatening Iraq with sanctions “like they’ve never seen before” and a bill for billions...

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January 07, 2020 at 04:09AM
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Saber-Rattling With Iraq Adds Uncertainty to Oil Market - Wall Street Journal
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