U.S. MarketsNovember 3 at 06:54 AM

Iraq's Oil Minister says Iraq has reached an agreement with Chevron (CVX) on the West Qurna-2 oilfield

ORIGINAL · NewsquawkIraq's Oil Minister says Iraq has reached an agreement with Chevron (CVX) on the West Qurna-2 oilfield

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Iraq’s Oil Minister was reported to announce an agreement with Chevron on West Qurna-2, but the available record gives no terms; an October report described earlier negotiations.

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CVXChevron Corporation$226.03Current price

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Iraq's Oil Minister says Iraq has reached an agreement with Chevron (CVX) on the West Qurna-2 oilfield

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Iraq's Oil Minister says Iraq has reached an agreement with Chevron (CVX) on the West Qurna-2 oilfield

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What do investors think?

Today's market highlights

"Iranian assessments indicate that a return to war is now the most likely scenario", Al-Arabiya reports citing sources

"To my understanding, an agreement to return to the negotiating table between US and Iran is in the works", journalist Mallick reports; he adds that it's currently not 'as close' as some suggest

Iranian Foreign Ministry says, following the targeting of Qeshm, that they are now in a state of war