The FT leads with a report that the Middle East crisis threatened to disrupt oil markets when I...
The FT leads with a report that the Middle East crisis threatened to disrupt oil markets when Iraq said on Monday that it would cut production for one month to show solidarity with the Palestinians. Ali Rodriguez, secretary-general of the Organisation of Oil Exporting Countries, warned that Iraq's action, coupled with labour trouble that reduced Venezuelan oil exports, could provoke an oil crisis. The FT also notes that Leo Kirch's core rights trading and free TV business filed for insolvency on Monday, revealing that the German media mogul harboured previously undisclosed liabilitie...
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