Local oil politics stall parliament

Iraq’s newly elected parliament was scheduled to meet Tuesday, but the tall task ahead of it proved too daunting. Not only do the new MPs need to negotiate a ruling coalition, but once they do, they’ll need to broker legislation that will regulate the development, management, and distribution of all things oil in Iraq. Under the strain of such expectations, Iraq’s would-be legislators postponed another two weeks. Investors hoping to understand the impact of the elections on Iraq’s oil sect…