Brent Crude Futures Increase by $3 Following Iraq's Force Majeure Declaration on Foreign-Operated Oilfields Due to Hormuz Disruption
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Source: moomoo
Brent Crude Futures Increase: Brent crude futures have risen by $3, indicating a significant change in the oil market.
Iraq's Declaration: Iraq has announced a major force majeure on foreign-operated oil fields, which could impact global oil supply and prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
