As Iraq Fighting Rages, Gas Prices Climb -- CBS
A rising tide of violence in Iraq is driving up prices at the pump.
The hike in gas costs follows the battlefield successes of the Islamic State in Iraq and Syria (ISIS), an al Qaeda breakaway group backed by Sunni fighters and other groups, in northern Iraq. The cost of crude rose Friday afternoon to nearly $107, a 10-month high, amid fears that the mounting insurgency there could lead to major disruptions of oil shipments. Brent crude futures, an international benchmark, climbed 54 cents to $112.96.
[CBS News will be covering the latest developments extensively tonight on the "CBS Evening News," with Clarissa Ward in Baghdad and Holly Williams in Erbil, Iraq.]
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