Future growth for the world's leading oil cartel will be severely harmed if militants reach the south of Iraq, a leading energy body has warned.
The International Energy Agency (IEA) said prices could continue to climb if ISIS insurgents took the capital Baghdad or continued towards crucial oil fields and Gulf export facilities near Basra.
The warning was issued to the Organisation of the Petroleum Exporting Countries (Opec) by the Paris-based policy group.
"Concerning as the latest events in Iraq may be, they might not for now, if the conflict does not spread further, put additional Iraqi oil supplies immediately at risk," the IEA said.
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