The US will begin arming the Kurds. How will all of this affect the world's oil prices? Will the price of a barrel of oil increase greatly as a result of our, US, military completing a war against ISIS via a proxy, the Kurds? The stronghold of the Kurds, Irbill, is where our US Consulate is located. We have the right to protect our embassies and consulates. We must also protect our interests. The Kurds are a part of our interests.