US to seize Iraqi Kurdish oil worth more than $100m off Texas coast

A judge in Texas is sending US Marshals to board a tanker off the US coast containing $100 million worth of oil from the Iraqi region of Kurdistan. The judge is acting on a claim by the government in Baghdad that the oil belongs to them, not the Kurdish regional government, and that the Kurds have no right to ship it half way around the world and sell it. This goes to the heart of a dispute between the Kurds and the Iraqi government, affecting billions of dollars worth of oil stored in Turkey. We talk to Richard Mallinson of the analysts Energy Aspects.