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  • LAUNCESTON, Australia, July 2- Events seldom unfold in isolation and the recent surge in sectarian violence in Iraq appears to be leading to some shifts in Asian crude oil markets.

  • U.S. crude gained 2 cents to $105.36 by 2348 GMT, after ending at $105.34 a barrel, its lowest settlement since June 11. Brent futures ended 7 cents down at $112.29, also at its lowest since June 11.

  • Unrest in Iraq comes as the almost total loss of Libyan supply, Western sanctions on Iran as well as conflict in Syria and northern Iraq are keeping almost 3 million barrels per day- more than 3 percent of world demand- off the market.

  • US needs to understand what Iran wants in Iraq Monday, 30 Jun 2014 | 10:21 AM ET
    Iranian President Hassan Rouhani

    If the Obama administration wants Iran's cooperation on Iraq, it needs to know what Iran wants, says former White House adviser David L. Phillips.

  • China, Tehran's largest oil client, has since late 2013 been stepping up purchases after a landmark November nuclear deal eased some sanctions on Iran and has been making up the main portion of stronger Asian imports since then.

  • China, Tehran's largest oil client, has since late 2013 been stepping up purchases after a landmark November nuclear deal eased some sanctions on Iran and has been making up the main portion of stronger Asian imports since then.

  • *Shift in pattern of global fund flows benefits Dubai. DUBAI, June 26- Bond investors' confidence in Dubai is surviving two tests at once, with bond prices staying strong even as the stock market tumbles and concern mounts over volatility in the real estate sector.

  • *Iraq's southern oilfields remain safe- U.N. envoy. LONDON, June 26- Brent crude oil fell on Thursday, as fears about conflict causing export disruption from Iraq, OPEC's second-largest producer, subsided further.

  • LONDON, June 26- Brent crude oil held steady near $114 a barrel on Thursday, with traders watching developments in Iraq for the possibility of export disruption from OPEC's second-largest producer.

  • SINGAPORE June 26- Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.

  • SINGAPORE June 26- Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.

  • SINGAPORE June 26- U.S. crude futures edged up towards $107 a barrel in early Asian trade on optimism over U.S. oil exports after Washington approved exports of lightly refined oil, although gains were capped by an unexpected rise in crude inventories.

  • *Iran drafting incentives for foreign investors. DUBAI, June 25- With the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll out the red carpet to foreign firms.

  • Iraq PM committed to government formation process Wednesday, 25 Jun 2014 | 6:04 AM ET

    Iraqi Prime Minister Nuri al-Maliki said on Wednesday that he is committed to the process of forming a new government.

  • Want to know Iraq's fate? Keep an eye on this guy Tuesday, 24 Jun 2014 | 12:56 PM ET
    Iraqi Prime Minister Nouri al-Maliki.

    If Iraqi Prime Minister Nouri al-Maliki stays in power, expect more fighting. But a replacement will be just as telling.

  • Why the Kurds need Turkey's help: David Phillips Tuesday, 24 Jun 2014 | 11:41 AM ET
    Turkish PM Recep Tayyip Erdogan delivers his speech at the Grand National Assembly of Turkey during an AK Party group meeting on June 24, 2014.

    Iraqi Kurdistan needs Turkey’s political and security support to emerge as an independent state, says former White House adviser David L. Phillips.

  • *Iranian officials: looking to resolve HSBC payment issue. LONDON/ ANKARA, June 24- Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.

  • China's legendary "Crazy Yang" oil trader dies Tuesday, 24 Jun 2014 | 1:51 AM ET

    BEIJING, June 24- Legendary Chinese oil trader "Crazy Yang" Qinglong, who started China's oil business with Iran in the 1990 s and was reknowned as a hard-drinker who bear-hugged Iranian officials, has died, said company officials and former acquaintances.

  • Kerry in Cairo for talks over Iraq Sunday, 22 Jun 2014 | 5:11 AM ET
    Secretary of State John Kerry.

    U.S. Secretary of State John Kerry arrived in Cairo on Sunday for talks with President Abdel Fattah al-Sisi over Egypt's crackdown on the Muslim Brotherhood and the threat which the conflict in Iraq poses to the Middle East.

  • Militants take Iraq-Syria border town Saturday, 21 Jun 2014 | 11:53 PM ET
    Town of al-Qaim at the Iraqi-Syrian border

    Sunni fighters have seized a border post on the Iraq-Syria frontier, security sources said, smashing a line drawn by colonial powers a century ago in a campaign to create an Islamic Caliphate from the Mediterranean Sea to Iran.