“This news is not true. This field is disputed and now it is neglected by both sides. There was no storming of the field. It’s empty, it;s abandoned, it is exactly on the border between Itaq and Iran,” Deputy oil minister al-Khafjai told Reuters.
So sayeth the Iraqi oil ministry on the reports earlier of an Iranian military move into an Iraqi oil field.
The Pakistani coup rumors turned out to be false as well but clearly the market is quite attuned to geopolitical jitters today.
EUR/CHF, the geopolitical barometer, plunged overnight and remains pressured, now at 1.4965.
