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Iraq's oil is the property of Iraqis, Prime Minister Haider al-Abadi said on Tuesday, in reaction to U.S. President Donald Trump who argued that the United States should have taken possession of the nation's crude reserves. In a speech to CIA officials on Saturday, Trump suggested the United States should have taken Iraq's oil in reimbursement for the 2003 invasion that put an end to Saddam Hussein's rule. Trump also suggested that taking Iraq's oil would have prevented Islamic State from rising up, by removing a source of the group's funding, according to a Huffington Post report of the encounter.
Stocks crept higher worldwide on Tuesday as investors looked past U.S. President Donald Trump's protectionist rhetoric and focused on encouraging economic data and quarterly earnings reports. MSCI's world index, which tracks shares in 46 countries, was up 0.33 percent, helped by signs of a revival of economic activity around the world. With earnings gathering pace, investors are hoping that corporate performance can justify market valuations, given the recent rally that drove Wall Street to record highs.
By Steve Holland WASHINGTON (Reuters) - U.S. President Donald Trump signed two orders on Tuesday to move forward with construction of the Keystone XL and Dakota Access pipelines, rolling back key Obama administration environmental policies in favor of expanding energy infrastructure. Trump campaigned on promises to increase domestic energy industry production and before taking office indicated he supported completion of the Dakota pipeline and revival of the Keystone XL project. Protesters had rallied for months against plans to route the $3.8 billion pipeline beneath a lake near the Standing Rock Sioux reservation, saying it threatened water resources and sacred Native American sites.