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Commodities Briefing - Categorized | Market Moves, Oil more

Iraq, Iran face off in oil power struggle

Posted on 28 October 2010

From UPI: As Iran seeks to establish its supremacy in Iraq, its ancient enemy, the countries are also clashing in OPEC where Iraq’s re-emergence as a leading oil producer seems likely to upset the balance of power in the cartel.
Given the political turmoil inside Iraq as it struggles to form a coalition government seven months after an inconclusive parliamentary election produced no clear-cut winners, this energy rivalry could yet have geopolitical consequences that could threaten regional stability……………………………………….Full Article: Source

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