(Bloomberg Opinion) — It’s now been a week since mass protests sprang up in southern Iraq, sparking unrest that has left dozens dead and continues to flare. What began as spontaneous expressions of discontent over high unemployment, government corruption and Iranian involvement in Iraqi affairs has quickly turned into a movement that could soon have severe consequences for global oil markets. This new danger comes just as supply concerns following last month’s attacks on a key Saudi Arabian facility have begun to die down.Southern Iraq is home to most of Iraq’s oil industry and the protests have reached the city …read more
Source:: Yahoo Finance
