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Jim Cramer and Dan Dicker Say Iraq Violence Could Destabilize Everything


The latest movements of the Sunni insurgents and their attempts to take over the largest refinery in Iraq is quickly turning into a holy war that could destabilize the region. With funding from the Saudi government and arms stolen from the Iraqi army, the forces of ISIS are well-equipped to continue their struggles for the long haul. Their goal is destabilization of the entire region, an aspiration that the United States cannot choose to ignore. When the U.S. acts, TheStreet's Jim Cramer and Dan Dicker believe oil prices will rise further, potentially above $110 a barrel.