Posted by Chris Becker in Global Macro
at 10:36am on June 13, 2014 |
by Chris Becker MACROBUSINESS
The energy nexus through the Middle East and the Crimean peninsula is under tremendous tension, with markets wobbling across the world.
First, it looks like Iraq is brewing a civil war, as US contractors start fleeing the violence – from the WP:
The crisis in Iraq has prompted U.S. contractors with personnel there to evacuate them from areas near Baghdad that are increasingly in the line of fire as insurgent fighters capture more territory with the apparent end goal of seizing the Iraqi capital.
The individuals are being “temporarily relocated by their companies due to security concerns in the area,” State Department spokeswoman Jen Psaki said in a statement Thursday evening. The individuals involved include U.S. citizens who are currently working under contract with Iraq’s central government in support of the Pentagon’s foreign weapons sales program.
In Ukraine, “separatists” have started rolling tanks across the border:
separatists drove three tanks across the Russian border into Ukraine, according to Ukrainian officials, and Russia’s top diplomat said the insurgents are ready for a pause in the conflict.
Ukrainian Interior Minister Arsen Avakov said the tanks and several armored personnel carriers entered eastern Ukraine through a checkpoint manned by rebels in the Luhansk region. He said government troops attacked the convoy when it reached the neighboring Donetsk region, destroying part of it. The claim could not be independently verified.