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Guest Blog, Abshire-Smith Iraq Country Manager The oil price surged nearly 4% as crunch talks aimed at settling a dispute over a nuclear weapons programme for Iran appeared to stall and official figures showed that stockpiles of U.S. crude had risen by less than had been feared by 4.8 Million Barrels. This is a day after crude prices slid for a third day on fears of a nuclear deal between Iran and major world powers that would allow the Islamic Republic to release more than 1 mil…

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The crisis in Yemen has escalated towards an all-out civil war. The president of Yemen, Abdrabbuj Mansour Hadi is reported to have fled the country as forces attempt to fight back against Shia rebels known as Houthis. The Houthis are reportedly backed by Iran and been extending their control over the country since September. On Wednesday Saudi Arabia launched air strikes against the Houthis in support of the “legitimate government,” which has subsequently been condemned by…

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Following the terrorist attack on the bus in Tel Aviv yesterday, immediately following Crude futures spiked, due to the uncertainty. Subsequently Hammas has agreed a ceasefire with Israel, in a deal brokered by Egypt. In this eight-day conflict there has been ‘140 Palestinians and 5 Israelis killed’ (CityAM). Hopefully following the ceasefire the bloodshed will end and relative calm will return. Mike Lynch the boss of UK software firm Autonomy prior to its acquisition by HP…

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It is the first trading session of the week, and over the weekend tensions in the Middle East between Israel and Gaza have escalated. The increasing use of firepower and the subsequent death toll on both sides has put the region at risk of a full on conflict. Egypt has attempted to mediate between the two sides, but Israel has moved ground troops towards Gaza, in advance of a potential ground assault. This has come under significant international scrutiny, yet western powers are currently un…

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