CNBC's Michelle Caruso-Cabrera reports the Iraqi government has begun fighting back against Islamic militant insurgents.
CNBC's John Harwood reports on whether possible solutions will likely be found anytime soon in the Iraqi crisis.
Jack Jacobs, retired Colonel, U.S. Army, says Iraq is in the midst of a civil war that could last from six months to several years.
Sunni militants captured the northern Iraqi town of Tal Afar, reports CNBC's Michelle Caruso-Cabrera, who has the latest developments in Iraqi.
Scott Shellady, CEO of Bull Reef Brokerage at TJM Institutional Services, says the tensions in the Middle-East could be what brings volatility and risk premium back to the market.
Greg Valliere, chief political strategist at Potomac Research Group, says the situation in Iraq is "an enormous crisis" and that the implications are incredibly negative.
Jordan Perry, principal MENA analyst at Maplecroft, discusses whether Isis can take Baghdad and what will push the West to intervene.
Tina Fordham, senior political analyst at Citi, says President Barack Obama is under pressure over the Iraq situation with public and Congress opinion against sending troops back into the country.
Former U.K. Prime Minister Tony Blair says the 2003 invasion of Iraq is not the reason for the current conflict in the country.
Jeremy Stretch, head of FX strategy at CIBC, discusses whether it's time to buy commodity currencies on the back of Iraq oil supply concerns.
David Lennox, Resource Analyst at Fat Prophets, says the logistics chain for oil is capable of covering any declining production from Iraq.
Richard Harris, Chief Executive at Port Shelter Investment Management, says the crisis in Iraq is likely to remain contained, as the militants do not have the ability to form an administration.
The crisis in Iraq will spur safe-haven bids in the U.S dollar and the Japanese yen, says Andrew Su, CEO of Compass Global Markets.
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.