Gunmen fighting Iraqi forces seized more territory along the country’s borders with Jordan and Syria, as President Barack Obama warned that advances by militants could spill over into neighboring countries.
U.S. stocks rose a third day, the dollar gained and Treasuries fell the most in two weeks, after data showed U.S. inflation quickened as the Federal Reserve begins a policy meeting. Crude slid from an eight-month high.
An al-Qaeda-affiliated group said it killed 1,700 Iraqis, setting social media and jihadist forums ablaze with claims that could further fuel the country’s sectarian tensions and propel it closer to civil war.
Islamic militants’ sweep through northern Iraq and the collapse of the Iraqi army threaten to undo whatever was accomplished after the U.S. invaded the country and ousted dictator Saddam Hussein 11 years ago.
Yemen’s Shiite Muslim Houthis killed 24 Salafist Sunni Muslims yesterday after a week of sporadic fighting between the two religious communities in the north of the country near the border with Saudi Arabia.
Saudi Arabia’s decision to send $3 billion of military aid to Lebanon’s army is the latest sign of an increasingly assertive foreign policy that seeks to buy regional influence and counter Iranian power.
Iran’s accord with world powers to limit its nuclear program in exchange for as much as $7 billion in relief from sanctions left Presidents Barack Obama and Hassan Rouhani the task of selling the deal to critics.