Iraqi Oil Field Halts as Reform-Driven Protests Escalate
- Supply from another field at risk as guards block access
- Demonstrators shut two border crossings to protest Iran
Iraqi Anti-government demonstrators block a bridge with debris and burning tires in the southern Iraqi city of Nasiriyah on Jan. 19.
Source: AFP via Getty Images
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Iraq temporarily stopped work on an oil field on Sunday and supply from a second production site is at risk as widespread unrest escalates in one of OPEC’s biggest producers.
Protesters also shut down border crossings with Iran, according to local media. Oil prices jumped about 1.8% in Asian hours on Monday as the stoppage coincided with disruptions from Libya, reigniting fears over security of supply.