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macroJul 16, 2026, 9:51 AM

Iraq Halts Crude Oil Loading at All Terminals After Drone Incident

All Iraqi oil terminals have suspended crude loading after a drone struck a tanker at the Basra terminal. No damage or fire was reported, according to Reuters sources.

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Crude oil loading operations across all Iraqi terminals have been suspended following a drone incident at the Basra terminal. The news was reported by Reuters, citing four Iraqi oil and security sources.

The drone crashed into an oil tanker at the terminal, though sources confirmed there was no damage or fire. The suspension is in effect at all Iraqi export facilities.

Iraq is one of OPEC's largest producers, and any disruption to its loading capacity can affect global crude supply dynamics. Market participants are watching for further updates on the duration of the halt.

Source: FXStreet Forex News