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Oil prices surge as Iraqi Kurdish authorities say oil field hit

Middle East News

06-03-2026 | 07:09

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Oil prices surge as Iraqi Kurdish authorities say oil field hit

Crude prices rose further on Friday after Iraqi Kurdish authorities said oil production at an oil field operated by a U.S. firm was halted following an attack.

The main U.S. contract, West Texas Intermediate, jumped 5.7 percent to $85.61 per barrel, its highest level since April 2024.

International benchmark, Brent North Sea crude, jumped 4.3 percent to $89.06 per barrel.

AFP

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