Middle East
Explosions reported near Iran's Kharg Island oil terminal
A correspondent for Iran's semi-official Fars news agency reported hearing explosions of unknown origin near Kharg Island, a key oil export terminal, with unconfirmed reports of a missile strike on an Iranian tanker.
Trump calls Iran conflict "small potatoes" despite casualties
US and Iran resume strikes after monthlong lull
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US Navy escorts tankers through Hormuz as mine-clearing effort accelerates
The US Navy is escorting tankers carrying roughly 7 million barrels through the Strait of Hormuz as it clears mines from the shipping channel.
Iraq's crude gains more than 10% in week despite final-session slip
Iraq's Basrah Heavy and Medium crude gained more than 10 percent over the week, though both fell in final trading as global oil prices edged higher.
US forces attack Iranian tanker near Kharg Island
US forces attacked an Iranian oil tanker near Kharg Island, Iran's main crude export terminal, according to state news reports.
Dollar holds steady in Baghdad, strengthens in Erbil
The US dollar traded at stable levels in Baghdad on Saturday while showing strength in Erbil, with exchange rates varying slightly across the two cities.
