Turning The Tide In The War With ISIS
A critical concern for the oil markets is the potential for ISIS to consolidate and strengthen in the AG region or inflict random but significant damage on an oil facility. With ISIS confronting formidable attack in both Raqqa (Syria) and Mosul (Iraq), it seems the tide may finally be turning, at least to the point that ISIS is on its heels. Although this could trigger desperation terror attacks on the part of ISIS, on balance, there seems to be military progress in the war with ISIS. Political progress is an entirely different matter.