Iraqi–Kurdish conflict

Arbil offers joint administration of borders with Baghdad as Iran re-opens borders

Kurdistan Regional Government (KRG) in northern Iraq has rejected handing over the border management to the Iraqi federal administration, saying that the law instead provides for joint administration, as Iran re-opened its crossings with the semi-autonomous region.

Oil prices rising as Iraqi forces advance on Kurdish-held territory

Global crude prices have hit a three-week high as the conflict between Iraqi and Kurdish forces intensifies. Iraqi troops are advancing on the city of Kirkuk, reportedly seizing the region's oil fields.

West Texas Intermediate crude rose 1.6 percent to $52.29 per barrel, setting it on track for its highest settlement price since the end of September, according to FactSet data.

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