The U.S. attacked al-Shabab not only for its current capabilities, but to safeguard against its future potential, experts said.» Read More
*Higher oil prices due to Iraq could even benefit Gulf. Markets' reaction to the insurgency in Iraq suggest they may finally have succeeded. At the very least, the turmoil in Iraq looks set to widen the Sunni-Shi'ite divide which has poisoned politics across the region.
NBC News' Ayman Mohyeldin reports the Iraqi government is calling on civilians for help in joining militias to try to repel the militants' control.
*Sunni Islamists intensify grip on northern Iraq. NEW YORK, June 16- Crude oil futures pushed higher in choppy trading on Monday as advances by Sunni insurgents in Iraq fueled concerns over a potential disruption to oil exports from the second-largest OPEC producer.
Rep. Ed Royce, (R-Calif.) questions why the U.S. hasn't intervened in Iraq against ISIS with airstrikes yet.
Dissecting the impact of geopolitics on equities, and what's keeping volatility low, with Peter Oppenheimer, Goldman Sachs chief global equity strategist. He looks at the potential next move in gold.
*Violence from Iraq to Kenya fuels profit taking. LONDON, June 16- European stocks edged lower on Monday, adding to last week's retreat as mounting violence from Iraq to Kenya pummelled travel shares and prompted investors to cash in on recent outperformers.
Former CIA Director R. James Woolsey of Woolsey Partners LLC, discusses the implications of potentially using airstrikes against ISIS, and what America's role should be in the crisis in Iraq.
While the vast majority of oil production is in Southern Iraq, CNBC's Michelle Caruso-Cabrera, reports on the oil production in the Northern Iraqi Kurdistan region. Baghdad wants to stay in control of all oil exports.
*Sunni Islamists solidify grip on northern Iraq. LONDON, June 16- Brent crude held above $112 a barrel on Monday after a strong rally last week, as advances by Sunni insurgents in Iraq raised concerns over a potential disruption to oil exports from the second-largest OPEC producer.
Here's how ISIS, the militant group wreaking havoc in Iraq, is believed to have amassed $2 billion in assets. The Guardian reports.
Another city has been taken by militant insurgents, reports CNBC's Michelle Caruso-Cabrera.
*U.S. considering talks with Iran over Iraq. *Medtronic to buy Covidien for $42.9 bln. *Geopolitical tensions in Ukraine also flared as Russian natural gas exporter Gazprom reduced supplies to Ukraine after Kiev failed to meet a deadline to pay off its gas debts in a dispute that could disrupt supplies to the rest of Europe.
Secretary of State John Kerry said the U.S. is willing to talk with Iran over security in Iraq, and U.S. drone strikes "may well" be an option.
Helima Croft, Barclays managing director, explains how oil disruption in Iraq will likely impact oil prices and oil producers.
Peter Mansoor, retired Colonel, U.S. Army, explains why he thinks the U.S. should not support Iraqi Prime Minister Nouri al-Maliki. He is the one who created this situation in the first place, says Mansoor.
The crisis in Iraq is raising doubts about Iraq's oil export growth, reports CNBC's Michelle Caruso-Cabrera.
*U.S. considering talks with Iran over Iraq. *Medtronic to buy Covidien for $42.9 bln. *Geopolitical tensions in Ukraine also flared as Russian natural gas exporter Gazprom reduced supplies to Ukraine on Monday after Kiev failed to meet a deadline to pay off its gas debts in a dispute that could disrupt supplies to the rest of Europe.
Nansen Saleri, QRI Group president & CEO, shares his thoughts on what the latest developments in Iraq means for oil prices.
The beta of the worldwide economy is going up and as a result value is going to be under pressure, says Tom Fanning, Southern Company CEO, sharing his thoughts on the economy as tensions grow around the globe.
Michael Leiter, NBC News terrorism expert, and Michael Singh, Washington Institute managing director, share their thoughts on the crisis in Iraq and the military options available to the U.S.