15,00,000 is the number of people the United Nation’s children’s agency, Unicef, estimates has been displaced by the conflict in Iraq. At least 5 lakh people have fled their homes in Iraq’s second-largest city Mosul, which was captured by Sunni jihadists belonging to the Islamic State of Iraq and the Levant (ISIS). Fourty Indians in Mosul are also suspected to have been kidnapped by ISIS militants. According to The Economist Intelligence Unit, the price of sweet light crude oil jumped by more than $4 per barrel in a matter of days ever since the Iraq crisis started.
(This story appears in the 11 July, 2014 issue of Forbes India. To visit our Archives, click here.)