Why oil markets are taking Kurdish referendum in their stride:
"Today the Kurdistan region of Iraq (KRI) plans to hold a referendum on independence. The move has sparked fierce opposition from the Iraqi central government, as well as many western countries, the UN Security Council and neighbouring Iran and Turkey.
All sides have urged the Kurdistan Regional Government (KRG) to postpone the referendum arguing that it will lead to further destabilisation of Iraq and the region.
But the KRG is determined to push ahead. According to Kurdish officials, the referendum will not only be held in the three provinces formally under Kurdish jurisdiction but also include disputed areas claimed by both the central government and the KRG."
'via Blog this'
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