That is certainly an issue, but not the primary focus right now. This ongoing saga with Iraq has kind of grown tiresome and hasn't had a lot of significance.
The concern about Asia not rebounding anytime soon only services to put pressure on the near- and mid-term market.
We had a disruption at the main import center - the LOOP.
A lot of it can be attributed to the storm and the overall change in tone we have seen in the last few weeks in fundamentals.
