20 Jun 2014
Geopolitical risks on the rise – Danske Bank
FXStreet (Edinburgh) - According to Sverre Holbek, Senior Analyst at Danske Bank, growing tensions in Iraq could poise another source of risk aversion for the markets.
Key Quotes
“After officially ending combat operations in Iraq three years ago, the US is again raising its profile in Iraq due to the current sectarian conflict”.
“Last night, the US president announced the deployment of 300 military advisors to assist the Iraqi army, though the participation of US troops in military action has been firmly ruled out”.
“Furthermore, President Obama urged the Iraqi government to seek a political solution”.
“Meanwhile, the Baiji oil refinery, the country’s largest, was turned into a battleground yesterday, causing the price of Brent oil to shoot up to USD115/barrel”.
Key Quotes
“After officially ending combat operations in Iraq three years ago, the US is again raising its profile in Iraq due to the current sectarian conflict”.
“Last night, the US president announced the deployment of 300 military advisors to assist the Iraqi army, though the participation of US troops in military action has been firmly ruled out”.
“Furthermore, President Obama urged the Iraqi government to seek a political solution”.
“Meanwhile, the Baiji oil refinery, the country’s largest, was turned into a battleground yesterday, causing the price of Brent oil to shoot up to USD115/barrel”.