Oil extraction in Bahrain, Iraq
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Iraq crisis: What will happen to oil prices?

16 June 2014 Last updated at 15:45 BST

Oil prices could "head quite a bit higher" if the situation in Iraq is not resolved, an analyst has claimed.

Militants led by ISIS - the Islamic State in Iraq and the Levant - captured key cities including Mosul and Tikrit last week.

Amrita Sen, Chief Oil Analyst Energy Aspects, told BBC Radio 5 live's Wake Up to Money that "fault lines" which opened up between regional powers during the crisis could hamper oil production.