Iraq on the Precipice
The daily newspapers are now full of stories predicting that Iraq, as we know it, will soon disintegrate into three or more warring states.
The daily newspapers are now full of stories predicting that Iraq, as we know it, will soon disintegrate into three or more warring states.
The possibility of a new global energy shock moved closer this week as ISIS forces made major territorial gains in Iraq, the speed of events taking world leaders by surprise.
A midweek update. London oil prices have continued to move higher this week as the Iraqi situation deteriorated further with Brent closing on Wednesday at $114.22.