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Domestic Unrest Threatens OPEC’s No.2

From oilprice.com

Iraq’s future is again tottering with protests erupting of the country. Baghdad is being confronted by internal unrest, as economic and social problems have spilled over into the political arena. Protests and strikes have been reported in the major oil port of Basra, while reports are also mentioning protests in the provinces Dhi Qar, Wasit, Maysan and Babil. Peaceful protests seem now to have crossed a red line, as protesters and security forces have clashed near the Iranian border at Amara, with several injured and 2 killed as reported by NBC News. Violence also has erupted in the holy city of Najaf, where ... (full story)

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  • Category: Fundamental Analysis