DTN News - IRAQ IN TURMOIL: Iraq's Crisis Changes The Battle Space In Syria
(NSI News Source Info) TORONTO, Canada - June 26, 2014: Concerns that violence in Iraq could disrupt supplies have stoked volatility and driven international benchmark Brent above $114 a barrel. OPEC is ready to pump extra oil in the event of any supply disruptions caused by Iraq and its biggest producer, Saudi Arabia, can ramp up to capacity if needed, oil officials said on Tuesday. For now the market is well-supplied and prices above $114 a barrel are the result of market nervousness, OPEC Secretary General Abdullah al-Badri said. Here’s a look at Iraq’s oil and gas production.
The conflicts in Syria and Iraq are connected. The border between the two countries has become meaningless, and the emerging crisis in Iraq has direct consequences on the fighting in Syria. Neither the Syrian regime nor the rebels that oppose it stand to gain a decisive advantage from the Islamic State in Iraq and the Levant's recent actions in Iraq. As things stand now, the primary beneficiary will be the Islamic State in Iraq and the Levant itself.
*Source: DTN News - - This article compiled by K. V. Seth from reliable sources Stratfor
*Presented & compiled for DTN News ~ Defense-Technology News
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