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The Iraq Debacle

By   /   June 13, 2014  /   No Comments

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The Iraq Debacle

An extended civil war is likely. A terrorist caliphate is possible.

WSJ
Jun. 12, 2014

“The magnitude of the debacle now unfolding in Iraq is becoming clearer by the day, with the terrorist army of the Islamic State of Iraq and al-Sham, or ISIS, marching ever closer to Baghdad. On Tuesday the al Qaeda affiliate captured Mosul, a city with a population greater than Philadelphia’s, a day later it took Tikrit in the Sunni heartland, and on Thursday ISIS commanders announced they plan to attack the Shiite holy cities of Najaf and Karbala.

No one should underestimate the danger this presents to the stability of the region and to America’s national and economic security. An extended civil war seems to be the best near-term possibility. More dangerous is ISIS’s ambition to establish a Muslim caliphate in the heart of the Persian Gulf, which would mean a safe haven for Islamic terrorism that would surely target the U.S. The danger to Iraq’s oil exports of three million barrels a day is already sending prices up and global equities down.

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The threat to Baghdad is real and more imminent than is widely understood.”…

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