Iraq's Oil Industry Threatened By Political Unrest

Politics, Geopolitics & Conflict Clashes erupted on Tuesday in Iraq’s oil-rich Basra region following rocket attacks on the presidential palace, intensifying concerns that unrest in Baghdad could directly threaten the country’s oil industry. Following clashes between various armed factions in Basra, Shi’ite cleric Moqtada al-Sadr announced on Thursday that all armed factions he controls would be stood down to avoid escalation and what al-Sadr’s men called “sedition”. The clashes pit al-Sadr’s militias…