Kurds Rebut Iraq’s Claim to Crude Oil Cargo Off Texas Coastline

Iraq’s semi-autonomous Kurds reasserted their right to sell $100 million of crude on board a tanker off the Texas coastline after the government in Baghdad persuaded a U.S. judge to order the cargo’s seizure.

The Kurdistan Regional Government wrote to the U.S. court claiming “misrepresentations” by the central government, it said in an e-mailed statement. The letter was written after Iraq’s government filed a complaint in a Houston federal court alleging that the Kurds “misappropriated” more than 1 million barrels of oil from northern Iraq.