Oil jumps $1
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The Kurdistan Region Presidency on Tuesday strongly condemned a series of drone attacks targeting vital oil infrastructure over the past two days, urging the federal government in Baghdad to take urgent measures to prevent further attacks and bring those responsible to justice.
This is the fifth site targeted in one week in the region. Security sources point to regions controlled by Iran-backed militias as the origin of the drones.
An explosion rocked the Sarang oil field operated by HKN Energy in Iraq’s semi-autonomous Kurdistan region early Tuesday morning, forcing the company to suspend operations as emergency crews battled ongoing fires.