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From wall street the impact here in the u. S. It clear. Stocks have been plunging and the price of oil surging. As more regions of iraq fall into the hands of insurgents there are calls for the u. S. To intervene in the crisis as fears that the uprising could spread beyond iraqs borders. Three years after american troops have pulled out of iraq government officials in baghdad now are asking the u. S. For assistance in containing the rebels. But president obama has made no commitments and says he is looking at all options. I dont rule out anything. Because we do have a stake in making sure that these jihadists are not getting a permanent foothold in either iraq or syria. Meanwhile, the violence is heightening worries about the supply of oil and a spike in energy prices. Lets look at the closing prices today, Brent Oil Futures climbed to 113 a barrel today. The cost of west took crude jumped more than 2, hitting the highest price ....
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