Obama pledges support to nominated Iraqi Prime Minister


Iraqi President Fouad Massoum has tapped Haider al-Abadi, the deputy speaker of parliament, to be the new head of government, in defiance of current PM Noori Al-Maliki who says he will not step down.

"Today, Iraq took a promising step forward," says President Barack Obama, after pledging his support to the new leader.

The political crisis comes during the fourth day of U.S. airstrikes in northern Iraq, humanitarian airdrops and the arming of Kurdish military forces.

ETFs: GULF, MES

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