Iraq Rebels Take Town an Hour From Baghdad

Militants took a town an hour from Baghdad that is home to four natural gas fields on Thursday, another gain by Sunni insurgents who have swiftly taken large areas to the north and west of the Iraqi capital.

Iraq’s presidency said a session of parliament would be held on July 1, the first step to forming a new government that the international community hopes will be inclusive enough to undermine the insurgency.

The overnight offensive included Mansouriyat al-Jabal, home to the gas fields where foreign companies operate, security forces said. The fighting threatens to rupture the country two and a half years after the end of U.S. occupation.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza