Sources: Explosion targets convoy carrying US military equipment near Iraq-Kuwait crossing – Reuters

Early Tuesday morning in Asia, Reuters came out with the news citing a blast near the Iraq-Kuwait border. Their sources said that the move targeted US convoy carrying military equipments.

Key quotes

An explosion near the Jraischan border crossing at the Iraqi-Kuwaiti border on Monday evening targeted a convoy carrying equipment for U.S. forces, three Iraqi security forces told Reuters.

It was not immediately clear if there were any U.S. troops in the convoy or if anyone had been injured in the explosion, which went off just before 9 p.m. Baghdad time (1800 GMT).

Vehicles are regularly loaded with military equipment at the crossing, the sources said, and the cargo is usually loaded or unloaded before entering or exiting Iraq.

Market reaction

As the Asian traders aren’t yet settling to take back controls from their American counterparts, the global markets remain inactive and show no major response to the news. However, the update can weigh on the US-Arab relations and may help the WTI to carry the latest recovery moves past-$42.00.