It may look like the White House nestled along Pennsylvania Avenue in Washington, DC, but look again, it's a replica being built in the Kurdish capital of Erbil by a wealthy Iraqi businessman.» Read More
UNITED NATIONS, June 25- The United Nations on Wednesday issued an unusual call for military force, with a senior U.N. official saying the advance of Islamist militants throughout the north and east of Iraq must be dealt with militarily, though success will hinge on a broad political consensus.
Adam Ereli, former U.S. ambassador to Bahrain, comments on the situation in Iraq and says that the country and its politics are "so broken" that a three-way split is likely.
*Global stocks slip on Iraq concerns. LONDON, June 25- European shares fell on Wednesday, mirroring losses in the United States and Asia, as fears violence in Iraq could escalate further prompted investors to take refuge in safer assets such as German bonds.
TOKYO, June 25- Asian shares fell on Wednesday, echoing losses on Wall Street as concerns about escalating violence in Iraq eclipsed stronger U.S. economic data.
TOKYO, June 25- Asian shares fell on Wednesday, echoing losses on Wall Street as concerns about escalating violence in Iraq eclipsed stronger economic data.
*Threat of Iraq supply disruptions receding- analyst. SINGAPORE June 25- Brent crude inched lower on Wednesday, but held close to a nine-month high above $114 a barrel as Sunni insurgents battled government forces for control of Iraq's biggest refinery.
SINGAPORE, June 25- Gold fell on Wednesday as physical buying dried up after prices jumped to their highest level in two months in the previous session, while silver also slipped from a three-month top. Gold dipped $6.24 an ounce to $1,311.36 by 0304 GMT, after rising to $1,325.90 on Tuesday, its strongest since April 15.
SINGAPORE June 25- U.S. crude futures stood not far off $107 a barrel after jumping more than $1 in early Asian trade on a report the U.S. Commerce Department has approved exports of a light oil called condensate. *U.S. crude for August delivery rose 77 cents to stand at $106.80 by 0835 GMT, after briefly hitting $107.50.
*U.S. crude firms as investors warily watch Iraq developments. TOKYO, June 25- Asian shares were on the back foot early on Wednesday, taking their cue from Wall Street as the deepening crisis in Iraq and a report that the U.S. could be loosening restrictions on crude exports triggered a rally in oil prices.
*S&P 500 pulls back after hitting intraday record. NEW YORK, June 24- U.S. stocks fell on Tuesday as early enthusiasm from economic data faded and concerns about the violence in Iraq gave investors a reason to sell and book some profits, driving the Dow to its biggest drop in over a month. On Tuesday, the Dow suffered its biggest drop since May 20.
NEW YORK, June 24- Brent crude held above $114 a barrel on Tuesday, supported by continued fighting in Iraq, supply disruptions in Libya and expectations of a decline in U.S. crude inventories, while U.S. crude prices dipped slightly.
NEW YORK, June 24- U.S. Treasuries' prices rose on Tuesday, getting a lift from investors turning away from weakening Wall Street equities and reawakened geopolitical worries due to fighting in Iraq. "The equity market has ticked down," said Charles Comiskey, head of Treasury trading at Scotia Bank in New York.
*S&P 500 pulls back a bit after hitting intraday record. NEW YORK, June 24- U.S. stocks mostly slipped on Tuesday as earlier gains from economic data faded, but the Nasdaq advanced as a result of gains in biotech shares.
CNBC's Jackie DeAngelis speaks with Jeff Grossman, BRG Brokerage president, about concerns to potential oil supply disruptions in Libya and Iraq.
Secretary of State John Kerry is in northern Iraq urging the leaders of the Kurdistan region to stand with Baghdad in an attempt to hold Iraq together as a country. CNBC's Michelle Caruso-Cabrera reports the latest in the crisis.
If Iraqi Prime Minister Nouri al-Maliki stays in power, expect more fighting. But a replacement will be just as telling.
NEW YORK, June 24- Brent crude resumed its upward trend, climbing above $114 a barrel on Tuesday, as it received support from fighting in Iraq, supply disruption in Libya and expectations of a decline in U.S. crude inventories.
Iraqi Kurdistan needs Turkey’s political and security support to emerge as an independent state, says former White House adviser David L. Phillips.
Morris Reid, managing director at Mercury, comments on the latest developments in Iraq and says that ultimately the U.S will "step up and do the right thing."
CNBC's Patti Domm sits down with CNBC Chief International Correspondent Michelle Caruso-Cabrera to discuss her recent travels to Iraq and her take on the big concerns over oil.