Iranian peoples

Islamic State militants extend gains in north Iraq

Islamic State militants extended their gains in northern Iraq on Aug. 7, seizing more towns and strengthening a foothold near the Kurdish region, witnesses said, in an offensive that has alarmed the Baghdad government and regional powers.

The advance came after the Sunni militants inflicted a humiliating defeat on Kurdish forces in a weekend sweep in the north.

$8 mln: Too little for oil, very precious for Kurds

When compared to the enormous oil and gas Reich that is Iraq, $8 million is almost nothing, but it has historical meaning for the Kurds in Iraq.

It is the amount of the share of Iraq’s Kurdistan Regional Government (KRG) out of some $95 million that was sold over Turkey without the consent of the central Nouri al-Maliki government in Baghdad.