Iraq Halts Oil Production at Rumaila Amid Rising Military Tensions

Iraq has ceased oil production at the Rumaila oil field, the second largest in the world, due to increasing military activity in the region. The Kobeissi Letter posted on X. Rumaila, which produces 1.5 million barrels of oil daily, is a significant contributor to global oil supply. The shutdown comes as tensions escalate, raising concerns about potential impacts on the global oil market. The situation is being closely monitored as authorities assess the implications of the halt in production.