🛢️ Iraq Cancels Russian Oil Shipments Due to US & UK Sanctions
📅 Date: November 4, 2025 | 🏦 Economy
Reuters reports that Iraq has canceled crude oil shipments from Russia’s Lukoil amid US and UK sanctions. 🇺🇸🇬🇧
💡 Key Details:
Iraq canceled three shipments from the West Qurna-2 field scheduled for November 11, 18, and 26.
Decision made by SOMO (State Oil Marketing Company of Iraq) due to sanction concerns.
US and EU sanctions target Russian energy giants, including Rosneft and Lukoil, adding pressure to Moscow’s oil exports.
⚠️ Global Implications:
Raises questions about Russia’s ability to circumvent restrictions and maintain oil flows.
Could contribute to rising oil prices, creating potential risks for the global economy 🌍💸.
📄 Full Article: Mawazin News
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