Saudi Arabia Under Pressure To Plan For Iraq Oil Disruption

When U.S. President Barack Obama spoke briefly on June 13 outside the White House on the deteriorating security situation in Iraq, he ruled out sending in U.S. troops, but said that he had instructed his national security team “to prepare a range of other options.” While the potential use of force – most likely consisting of airstrikes in some form – is what made headlines, Obama also hinted at the fact that his administration was working behind the scenes to plan for a possible major disruption in Iraqi oil output, which… Read more...

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Saudi Arabia Under Pressure To Plan For Iraq Oil Disruption