Iraq postpones vote for president, delaying power-sharing deal

Baghdad, Iraq: Iraq's parliament, which had been due to elect the country's president on Wednesday, postponed the vote by a day, delaying the formation of a power-sharing government urgently needed to confront a Sunni Muslim insurgency.

The advance by Sunni Islamist militants who seized swathes of northern Iraq last month has put the OPEC oil producer's survival in jeopardy. Its politicians have been deadlocked over forming a new government since an election in April.