Iraq Rejects U.S. Sanctions Allegations Over Blended Crude Sales

Iraq’s Oil Ministry has rejected U.S. accusations that a senior official helped channel Iraqi crude, blended with Iranian oil, to support Iran and allied militias, after Washington imposed sanctions on Deputy Oil Minister Ali Maarij al-Bahadly and several militia leaders. The move underscores rising compliance risks for buyers of Middle Eastern crude, with potential implications for trade flows and benchmarks such as Oil – Brent Crude and Oil – US Crude.

Over the past month, Brent has advanced about 8.90%, while WTI has gained roughly 1.84%, reflecting tighter supply expectations and heightened geopolitical risk premia. On a daily horizon, both contracts presently show a Buy signal for WTI and a Buy signal for Brent, suggesting short-term momentum remains constructive despite ongoing political uncertainty. Investors can explore more updates, prices, and analysis across global markets at Commodities.