roxanne terry divide runs deep the sunni dominated north west has historically been at odds with the shiites living in the southern regions but isis has a much broader economic strategy militants have been besieging the biggest oil fields which are still in government hands but iraq's on the verge of losing control of this vital industry which accounts for ninety five percent of the economy but if you have a car it's your problem to as the militants make new games the uncertainty is sending oil prices skyrocketing round her again almost five percent this week when she hard to seize the city of mosul trading close in friday and way more than one hundred fourteen percent per dollars rather per barrel the price is edging closer to a twelve month record and forecasts predict further growth of up to twenty dollars per barrel in the next couple of months well industry experts to reality it says the situation could become catastrophic iraq exports about two point five million barrels a day to the global market as production is about four percent of the global total so any disruption to the