Though the situation in Iraq requires constant monitoring, there’s been no major disruption to its crude oil exports, a U.S. State Department spokeswoman said. Militants with the Islamic State of Iraq and Syria laid siege to a key oil refinery in Baiji, about 130 miles north of the Iraqi capital. U.S. State Department spokeswoman Jen Psaki said during a regular press briefing production was shut down at the refinery for several days before the attack. The closure of the refinery, which feeds the domestic market, means Iraq may have to import some energy supplies for neighboring countries, though exports aren’t limited. “There’s no impact on Iraq’s crude oil exports, and we haven’t seen any major disruptions in oil supplies in Iraq,” she said . “But we’re certainly constantly monitoring the global oil supply and demand situation.” The growing Sunni insurgency has sparked fears about the stability […]