Iraq declared force majeure on all foreign-operated oilfields — Basra production cut 73% to 900K bpd. Combined Gulf disruption now 5-6M bpd, 1973-scale. Brent closed $112.19. Gold fell to ~$4,583 — acting as liquidity source, not safe haven. S&P hit new 2026 low. Trump rejected ceasefire. No off-ram

Iraq declared force majeure on all foreign-operated oilfields — Basra production cut 73% to 900K bpd. Combined Gulf disruption now 5-6M bpd, 1973-scale. Brent closed $112.19. Gold fell to ~$4,583 — acting as liquidity source, not safe haven. S&amp;P hit new 2026 low. Trump rejected ceasefire. No off-ram

"Iraq oil breaks, Brent surges"

Your daily guide to an increasingly complex world. Markets, crypto, AI, geopolitics, and the mental models that connect them — from Cosmic Trex, where ancient wisdom meets the cutting edge.

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"Iraq oil breaks, Brent surges"

"Iraq oil breaks, Brent surges"