Greenspan admits Iraq was about oil, as deaths put at 1.2m

The man once regarded as the world's most powerful banker has bluntly declared that the Iraq war was 'largely' about oil.

Greenspan's damning comments about the war come as a survey of Iraqis, which was released last week, claims that up to 1.2 million people may have died because of the conflict in Iraq - lending weight to a 2006 survey in the Lancet that reported similarly high levels.

Peter Beaumont and Joanna Walters

Read more: