• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 5 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 8 minutes Gazprom fails to exempt Nord Stream-2 from EU market rules
  • 22 mins Trumpist lies about coronavirus too bad for Facebook - BANNED!
  • 58 mins The World is Facing a Solar Panel Waste Problem
  • 9 hours Rational analysis of CV19 from Harvard Medical School
  • 9 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 5 hours The Core Issue Of US Chaos..Finally disclosed
  • 10 hours Trump Suggests Delaying Election Amid Fraud Claims
  • 8 hours Open letter from Politico about US-russian relations
  • 9 hours China's impending economic meltdown
  • 10 hours Why Oil could hit $100
  • 10 hours Brent above $45. Holding breath for $50??
  • 4 hours Pompeo upsets China; oil & gas prices to fall
  • 8 hours Russia Trying To Steal COVID-19 Vaccine Data, Say UK, U.S. and Canada
  • 1 day End Game For Oil? OPEC Prepares For An Age Of Dwindling Demand
Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

Video: U.S. Embassy Under Attack From Iraqi Militias

Reports of new rocket fire surfaced late on Wednesday afternoon, landing in Iraq’s Green Zone, home to the US Embassy and other foreign missions, just hours after US President Donald Trump announced that Iran was standing down after a series of escalations in the region.

Oil prices had spiked on Monday following the US killing of Iranian military general Qassem Soleimani last week, which saw Iranian backlash in the form of missile strikes on US military bases in Iraq. But oil prices cooled Tuesday evening on reassurances from President Trump that all was well, and cooled even more on Wednesday afternoon when Trump announced that Iran was standing down. The US President also said that the US would not respond to the Iranian retaliation with military might, but with sanctions instead.

The price of a barrel of WTI went from $63 on Friday, to $65.43 on Tuesday, to $59.36 on Wednesday afternoon.

Then on late Wednesday afternoon, Twitter reports started to come in. Some reports stated that at least one rocket hit 100 meters from the US embassy. No casualties have been reported.

Iraqi military reportedly confirmed that two Katyusha rockets landed inside the Green Zone.

It is unknown at this time who fired the rockets.

At 4:54 pm EST, WTI was trading at $60.03 (-4.26%), while Brent crude was trading at $65.81 (-3.6%).

Several Western oil companies have already evacuated their expatriate staff from Iraq in light of recent tensions in Iraq, and Saudi Arabia’s state-controlled Bahri and Petrobras have both stopped traversing the Strait of Hormuz in light of the region’s unrest. The British Royal Navy will escort all UK-flagged vessel through the critical oil chokepoint for the foreseeable future.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News