US air strikes defending the Kurdish position in Iraq have boosted confidence levels in the continuous supplies from one of the biggest oil producers in the world.
But market experts warn the escalating conflict can, in the the long-term, create uncertainty over the sustainability of output from southern Iraq, leading to increased price fluctuations.
Gareth Lewis-Davies, energy strategist at BNP Paribas, talks about the outlook for Iraqi oil production amid fighting in the north of the country.