US military leaders recognize Islamic State as a formidable imminent threat to the US
President Obama has refrained from involvement into military action after the beheading of a US journalist in Syria, but taking the scale and sophistication of Islamic State, future military involvement is not unlikely. US More...
US expresses support for Haider al-Abadi, Iraq PM designate, Iran joins approval
The US and Iran were quick to endorse Haider al-Abadi’s designation as PM; the US Secretary of State John Kerry promised military and economic support once a new Iraqi government is formed. Iraq’s new leader More...
Crude oil futures slide despite the tense geopolitical situation
The bears are in full control of the crude oil futures market in spite of renewed worries of Russian military intervention in Ukraine and the intensified armed conflict in Iraq. Tuesday brought further losses for More...
US airstrikes on Iraq started on Friday as a warning for extremists advancing towards Erbil
US airstrikes in Iraq started on Friday, to halt the progress of Islamist extremists, and more airstrikes are expected for the weekend. The US has called carriers to suspend flights over Iraq owing to the hazardous More...
US President authorized airstrikes in northern Iraq
US President Obama announced authorization of limited airstrikes against Islamist militants in northern Iraq US President Obama announced on Thursday authorization of limited airstrikes against militants in northern More...
