Continued turmoil in the Middle East has dominated the news recentl...

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Continued turmoil in the Middle East has dominated the news recently. The Syrian uprising has continues and ISIS has consolidated territory in both Syria and Iraq. Coalition forces have begun to target ISIS held oilfields.
Answer the following questions:
How might continued turmoil in this region impact risk?
How would this affect oil company specific and industry risk?
How might this affect oil company market risk?
Would this have an impact on the market risk for all firms?

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Middle East has been a major supplier of oil globally. Continued turmoil can affect the supply of oil across the world. This is because the process of extraction of oil from the fields would be affected and this can lead to oil shortage across the world....

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