The conflict in Iraq is hurting every American already- oil prices rising about 4% this week to a 9-month high.
Iraq has some of the largest oil reserves in the world, and it has actually been pumping out quite a bit of it lately
According to the International Energy Agency, Iraq produced about 3.37 million barrels of oil per day last month. It's not far off from the country's record highs set back in 1979.
Joining us tonight with more on how the Iraqi crisis could hit your wallet is Dan Dicker, an oil trader and president of MercBloc.View my Flipboard Magazine.
As the struggle for control in Iraq continues, we're getting a sense of what life is like for those in areas under militant control.
The group behind the violence is called The Islamic State in Iraq and Syria, or ISIS, and they're a splinter group from al Qaeda. They sent out a list of rules for those now living under their rule, which states that all women must stay indoors unless absolutely necessary, common criminals can be crucified, and thieves will face amputation.
Their larger goal is to establish an Islamic state in the region that adheres strictly to Sharia law.
Former CIA analyst Nada Bakos and Richard Barrett, a former British intelligence officer who headed the United Nations Monitoring Team of Al-Qaeda and the Taliban are OutFront.
How should the United States get involved, if at all, in the crisis of Iraq?
Admiral William Fallon, former Commander of U.S. Central Command, and former NATO Commander General Wesley Clark are OutFront with their takes.
U.S. officials are admitting to CNN that they were caught off guard by how quickly the situation in Iraq has spiraled out of control.
Officials told CNN's Kyra Phillips that they were surprised at both the speed of the militants' advance and the fact that Iraqi Security Forces appeared to abandon their units and positions.
Today, militants took over three more towns after clashes with Iraqi forces that lasted several hours. So far the group behind the violence – the Islamic State in Iraq and Syria, or ISIS – has launched massive attacks on four major cities and already controls more than three dozen smaller towns. FULL POST