Singapore-based Middle East crude oil traders said they were not ruling out the possibility of Iraqi Basrah crude supply being impacted as a result of political or logistical hurdles, following escalating tension in the Middle East between the US and Iran. “Geopolitics is back in action, but [in terms of supply impact] I haven’t heard anything yet,” said a trader with an Asian firm that holds production equity in Basrah crude in Iraq. Crude traders who spoke to S&P Global Platts on Monday said they were trying to inquire about any potential changes for January and/or February loadings from Iraq. A trader with a South Asia-based refiner said he […]