What’s the story?
There is chatter about attack or an attack on US forces in Iraq yesterday but I think this is a case of broken telephone.
An Al-Arabiya correspondent reported that an international coalition convoy had been targeted on Samarra road, north of Baghdad.
Somehow that morphed into vague talk of heavy casualties. I don’t think it’s a real risk for the broader market and the crude market certainly isn’t paying it any mind as the OPEC meeting continues and oil prices fall.