Iraqi PM Abdul Mahd stressed the importance of de-escalation in the region – Statement

Ross J Burland FXStreet

Iraqi PM Abdul Mahdi, in a phone call with US Secretary of State Pompeo, stressed the importance of de-escalation in the region, according to a statement from his office.

Abdul Mahdi has condemned attacks that targeted the US embassy in Baghdad and pledged to boost Iraqi protection of it, stressing the importance of respecting Iraq's sovereignty by everyone.

Update: In addition, Pompeo was later reported to have expressed outrage at the continued assaults by Iran's armed groups against US facilities in Iraq.

Market implications

Oil is in focus and traders are watchful for heightened tensions in the Middle East. For now, however, it is the coronavirus acting as the catalyst. More on that here:

WTI: Bears going to town with the coronavirus, fresh lows of $52.18 printed

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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