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Business Iraq

  • President Obama to make Iraq statement

    CNBC's Michelle Caruso-Cabrera provides insight to reports saying Sunni extremists in Iraq have occupied once Saddam Hussein's chemical-weapons facility.

  • Tribal fighters shout slogans while carrying weapons during a parade in Kerbala, south of Baghdad, June 18, 2014.

    Iraq is on the verge of collapse—and working with Iran is a "flawed strategy," says former White House foreign-affairs adviser David L. Phillips.

  • Should the West intervene in Iraq?

    Barak Mendelsohn, senior fellow at the Foreign Policy Research Institute, says that the Iraq crisis further destabilizes the Middle East. However, he is unconvinced that international intervention is needed.

  • In this file photo, a man stands in a sewage-filled street in Fallujah, Iraq, 40 miles (65 kilometers) west of Baghdad. Ten years and $60 billion in taxpayer funds later, Iraq is still so unstable and broken that even its leaders question whether U.S. efforts to rebuild it were worth the cost.

    The U.S. has sent billions in assistance--but a large portion has been squandered or disappeared. The Fiscal Times reports.

  • Iraq urges US airstrikes

    CNBC's Michelle Caruso-Cabrera reports it's still unclear who is in control of the Baiji oil refinery, and the Iraqi government is expressing frustration over the reluctance of the U.S. to launch air strikes against Sunni militants.

  • Iraq's new normal

    I think Iraq will be a messy place for years to come, says Richard Haass, Council on Foreign Relations president, discussing the likely outcome if the Iraqi government loses the Baiji refinery to insurgents and how the U.S. should respond to the crisis in Iraq.

  • US flying 24/7 recon missions over Iraq: NBC

    CNBC's Michelle Caruso-Cabrera reports that it is becoming increasingly clear that Iraq Prime Minister Nouri al-Maliki will struggle to retain his job. Caruso-Cabrera also has the latest on the likelihood of U.S air strikes in the region.

  • Time for al-Maliki to go?

    NBC's Richard Engel reports on news that the U.S. wants Iraqi policymakers to form a new government without Prime Minister Nouri al-Maliki.

  • Baiji refinery offline; gas lines form in Iraq

    CNBC's Michelle Caruso-Cabrera reports gas prices are creeping higher as Iraq's largest oil refinery comes under attack by Sunni militants.

  • Energy production in US & China doesn't square

    Christof Rühl, BP Group chief economist, and CNBC's Steve Liesman, talk about the "uneasy balance" of energy consumption between the U.S. and China.

  • BP's energy outlook

    Christof Rühl, BP Group chief economist, and CNBC's Steve Liesman, discuss oil's impact on the economy and America's emerging energy independence.

  • Exxon Mobil evacuating staff from Iraq: Report

    CNBC's Michelle Caruso-Cabrera reports on the ongoing crisis in Iraq as black flags fly over Baiji.

  • I cannot understand purpose of sanctions: Rosneft CEO

    Igor Sechin, CEO of Rosneft, says he cannot understand why there are U.S. sanctions against him, calling it a "sad situation".

  • A pause in Iraq oil production is unlikely: Pro

    Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities, says militants won't disrupt oil production in Iraq as that may invite intervention from the U.S. and Iran.

  • US military may be 'raining down in Iraq' soon: Pro

    With insurgents attacking Iraq's biggest oil refinery, the U.S. may be compelled to send its troops into the country, says Patrick Basham, Founding Director at the Democracy Institute.

  • What are US' options to resolve crisis in Iraq?

    Faysal Itani, Resident Fellow at the Atlantic Council, explains why the U.S. is in a tight spot this time when it comes to quelling instability in Iraq.

  • President Barack Obama makes a statement on Iraq on the South Lawn of the White House in Washington on June 13, 2014.

    The president has shifted his focus away from airstrikes in Iraq as an imminent option for slowing a fast-moving Islamic insurgency officials said.

  • File photo of the USS George H.W. Bush aircraft carrier, which is currently enroute to Persian Gulf.

    Iraq has asked the U.S. to stage air attacks on Sunni Muslim insurgents, according to a top American general.

  • Pipe is stacked at the southern site of the Keystone XL pipeline in Cushing, Oklahoma.

    Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.

  • Conflict intensifies in Iraq

    According to the Iraq Oil Report, it's a stalemate when it comes to the Baiji Refinery. CNBC's Michelle Caruso-Cabrera reports the latest in Iraq.