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Iraq Crisis Deepens After Kurds Seize Two Oil Fields

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Iraqi Kurds have taken over two oil fields amid a growing dispute with the government in Baghdad, Iraqi and Kurdish sources say.

Kurdish peshmerga forces seized control of production facilities at the Bai Hassan and Kirkuk oil fields in the north of the country on Friday.

Kurdish MPs have also withdrawn from Iraq’s central government.

They did so after Iraqi Prime Minister Nouri al-Maliki accused the Kurds of harbouring extremists.

Kurdish forces have moved into areas of north-western Iraq abandoned by the Iraqi army during the advance of Islamist insurgents led by the Isis (Islamic State in Iraq and the Levant) group over the past month.

The Kurds have since declared plans to hold a referendum on independence in the areas seized, escalating tensions with Iraq’s central authorities.

via BBC

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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

@alfonso_forex

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