The families of the two American journalists that were beheaded by Islamic State extremists in Iraq were warned by the United States government that they would be facing prosecution if they agreed to raise ransoms for the release of the reporters. Since the beheadings of the two reporters, James Foley and Steven Sotloff, Washington has declared an outright war against the terrorists. However, … [Read more...]
Opec Balance Threatened By Iraq’s Violence, oil prices up and stocks down
The mayhem in Iraq may upset the balance of the most stable oil market leading to disruption in the price held stable for the last four years. Chaos flare-up on Wednesday in Iraq as militant forces moved closer toward Baghdad after seizing two key cities. Brent crude, a benchmark for international oils rose as much as 2.8% to $113.02, its biggest gain since August. The fighting confined to … [Read more...]