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Market Chatter: Crude Oil Loading Suspended at Iraqi Terminals After 2nd Drone Incident

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Loading of crude oil was suspended at all of Iraq's terminals on Thursday after a drone crashed into an oil tanker at a terminal in Basra, without causing damage or fire, Reuters reported, based on accounts from four Iraqi oil and security sources.

The country's oil terminals are located in the south of the country and it was not clear who had sent the drone. The tanker was towed out of the port with another as a precaution.

This came after a similar incident on Wednesday during which a drone crashed down in Iraq's Faw port, also without causing damage. Port operations continued as normal after that.

Iraq's Ministry of Transport did not immediately reply to a request for confirmation and comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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