Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.» Read More
Peter Sluglett, Visiting Research Professor, Middle East Institute at NUS, explains how the violence in Iraq was prompted by Syria's civil war.
Subhranshu Sekhar Das, Head of Aerospace, Defence & Security Practice at Frost & Sullivan, Asia Pacific, says higher oil prices due to the crisis in Iraq will have a dire impact on operating costs of airlines.
The crisis in Iraq is not a "catastrophic event' that will severely impact oil supply and lead to a spike in prices, says Michael Langford, CEO of Fractaux.
Adam Ereli, former U.S. Ambassador to Bahrain from 2007 to 2011, says U.S. assistance with military supplies and logistical support could help the Iraqi government.
While short-term investors keep an eye on interest rates in the U.S. and Europe, long-term investors will need to discern the noise in global markets, says Joe Magyer, Senior Analyst, The Motley Fool.
Christof Ruehl, chief economist at BP, says that we've seen the most stable oil price in a three-year period since the 1970s creating an "eery calm" in the oil market.
Kamran Bokhari, Vice President of Middle Eastern & South Asian Affairs at Stratfor, outlines the best and worst case scenarios that can take place in Iraq at the moment.
Emma Lawson, Senior Currency Strategist at National Australia Bank, expects the crisis in Iraq to drive the Swiss franc and yen higher while the greenback is seen mixed.
Former British Prime Minister Tony Blair has argued it is "bizarre" to blame the current crisis in Iraq on the war of 2003.
"Meet the Press" moderator David Gregory weighs in on the escalating conflict in Iraq and how the U.S. will respond.
David Gordon, Eurasia Group chairman, weighs in on the crisis in Iraq and where he thinks the conflict is headed. Gordon says there is no good outcome and the best case scenario is that al-Maliki "gets it" and cuts a better deal with the Sunnis.
CNBC's Michelle Caruso-Cabrera reports the Iraqi government is recruiting more men to replace those who abandoned their positions earlier in the week.
Take Iraq's oil out of the marketplace, and crude prices will go way higher than they are now, T. Boone Pickens told CNBC on Friday.
Steve Auth, Federated Investors, shares 3 interesting things happening for equities. Scott Wren, Wells Fargo Advisors, provides perspective on the oil market.
With uncertainties in Iraq, T. Boone Pickens, BP Capital Management founder, discusses the impact on the U.S. economy and shares a plan for U.S energy independence.
The stock market drifted upward Friday and seemed largely unfazed by the Sunni uprising tearing apart Iraq, veteran trader Art Cashin tells CNBC.
The International Energy Agency report forecasts a jump in global oil demand, which affects both oil and gasoline prices. USA Today reports.
Discussing how the U.S. can secure the Iraq region, with former Under Secretary of Defense, Kathleen Hicks.
CNBC's Michelle Caruso-Cabrera provides an update on the crisis in Iraq. Caruso-Cabrera says Iraqi citizens are fleeing for fear of U.S. air strikes.
President Obama says he would not be putting U.S. troops on the ground in Iraq, and any other action would take days of planning.