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Pound Spikes After May Says She Has "Full Support" Of Her Cabinet

Pound Spikes After May Says She Has "Full Support" Of Her Cabinet

Amid speculation and doubts that UK Prime Minister Theresa May could be forced to resign as soon as Christmas amid a mutiny of Tory MPs following her disastrous conference speech, which resulted in the pound's biggest weekly decline since last October’s flash crash, moments ago the UK Press Association reported that Theresa May said she is providing “calm leadership” with the “full support” of her cabinet, which sent the pound surging in kneejerk reaction.

Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports

Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports

Authored by Zainab Calcuttawala via OilPrice.com,

Iraq, Iran, and Turkey are taking a unified stance against Kurdistan’s oil sector after the region elected to seek independence from Baghdad in a referendum in September, according to a new report by Rudaw.

“In the case of northern Iraq; Iran, Iraq and Turkey will form a tripartite mechanism and will decide on shutting down the oil,” Turkish President Recep Tayyip Erdogan said after a meeting with leaders from the other two nations on Thursday.

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