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Oil Buyers Fear Iraqi Supply Hit in Spill From Iran Crisis

  • Iraq is a key medium-sour crude supplier to top Asian refiners
  • Trump vows sanctions as Iraqi parliament votes to expel forces
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Photographer: Oleg Nikishin/Getty Images

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Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers.

At least five buyers from China to India said the loss of Iraqi barrels would be particularly challenging because of already-tight supplies of the quality of oil exported by OPEC’s second-biggest producer, according to people familiar, who asked not to be identified as they’re not authorized to speak to the media.