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Oil Spikes To Session High As Iraq Starts Shutting Output At Massive Oil Field
Oil Spikes To Session High As Iraq Starts Shutting Output At Massive Oil Field
Here are the most critical developments unfolding in the US-Iran conflict:
Iraq's crude oil output is being significantly curtailed. An update from Iraq specifies a shutdown of 460,000 bpd at West Qurna 2 and a cut of 700,000 bpd at Rumaila, while warning that more than 3 million bpd could be forced offline in the coming days if tanker access remains limited.
Export crude bottlenecks are developing across Iraq. Storage at southern export terminals is nearing critical capacity...
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Mar 20, 2026 / Tyler Durden
Qatar Dethroned As 'LNG King' As U.S. Seizes Throne, Reshaping Future Of Gas
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Submitted by Criterion Research President, James Bevan,
The geopolitical calculus underpinning global LNG supply through the early 2030s has shifted materially. Iranian drone strikes on Qatari LNG trains, delays to key expansion projects, and the indefinite closure of the Strait of Hormuz have created a compounding threat to Qatar's LNG position that goes well beyond a construction delay. What had been framed as a two-horse race for global LNG market share now looks considerably more one-sided. The beneficiary is clear: U.S. Gulf...
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Iran Appoints Former IRGC Commander as New National Security Chief
Iran on Tuesday appointed a former high-ranking Islamic Revolutionary Guard Corps (IRGC) commander as the new secretary of its Supreme National Security Council (SNRC) after Israel killed Ali Larijani, the country’s previous national security chief. According to Iran’s PressTV, Larijani’s replacement, Mohammad Baqer Zolqadr, served in the IRGC during the Iran-Iraq War of the 1980s, […]
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Feb 21, 2026 / Tyler Durden
'Incubator Babies' Are Back, With Iran In Crosshairs
'Incubator Babies' Are Back, With Iran In Crosshairs
Tehran is once again pointing the finger at "terrorists" for last month’s bloodshed, rejecting outside estimates and doubling down after President Trump just issued his own high estimate.
Trump told reporters Friday that 32,000 people were killed in the unrest, declaring that "the people of Iran have lived in hell" under the ruling clerical regime of the Ayatollah.
Source: qantara.de
That figure is one of the highest offered so far, even significantly beyond some Iranian opposition claims. But Tehran has rejected this. It's far beyond...
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