Iraq, oil markets, and the U.S. economy

The group is calling itself the Islamic State of Iraq and al Sham, translated as the Islamic State of Iraq and Greater Syria, or ISIS. And so it may come to be.From Friday’s Wall Street Journal:A militant Islamist group that has carved out control of a swath of Syria has moved into Iraq, conquering cities and threatening the Iraqi government the U.S. helped create and support with billions of dollars in aid and thousands of American lives. The group– known as the Islamic State of Iraq and al Sham– isn’t a threat only to… Read more...

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Iraq, oil markets, and the U.S. economy