A very knowledgeable contact of mine best described as a military atache’ with deep mideast connections,knowledge, and experience says things in Iraq and region are far worse than the public knows. He expects ISIS to attack Baghdad imminently as soon as this weekend. We bought options on Brent today and went long the BNO.
Islamic State advancesCompared to other regions of Iraq hit in an offensive launched in June by a well-financed group then called the “Islamic State in Iraq and the Levant” ISIS, but now shortened to simply the “Islamic State,” Baghdad has seen few attacks. That changed Tuesday, when the predominately Sunni Muslim ISIS posted photos online of two men with scarves covering their faces and posing in front of its black and white flag. ISIS identified the men as bombers in two recent attacks in Baghdad and said they came from Lebanon and Libya
via As ISIS advances on Baghdad, Iraq parliament bumps up its next meeting | News | DW.DE | 08.07.2014.