BREAKING - Iraq Escalates - Militants Seize Tikrit, Target Baiji Oil Refinery

Posted by Kelly Burke on Jun 11, 2014 3:05:34 PM

Map of Iraq

(Image credit: Wikimedia Commons 18:57 June 11 2014)

CNN is reporting that ISIS (the Al Qaeda breakoff group that seized Mozul, Iraq yesterday) has gained "nearly complete control of the Northern city of Tikrit" - Parts of the town of Baiji have reportedly been seized as well - this is the site of the largest oil refinery in Iraw. At the moment the Baiji Oil Refinery is reportedly still under Iraqi military control but seizure of the town raises both international relations issues and supply concerns. If militants seize the refinery expect to see chaos in the markets.

You can follow the story in depth  on Reuters here: http://www.reuters.com/article/2014/06/11/us-iraq-security-idUSKBN0EM11U20140611 

Read More

Topics: Brent Crude, Baiji Refinery, Iraq, ISIS

Recent Posts

Posts by Topic

see all