By Chiana McLatchie
As a sign of protest to the UN Security Council's nonreactive policy, the governments of the Islamic Republic of Iran, Venezuela, Qatar and Saudi Arabia decided to drastically cut the oil production.
The Security Council was warned of a potential oil price increase. Security in both the region and the oil market is of big concern to Iran, Venezuela, Qatar and Saudi Arabia.
The aforementioned countries depend on a secure market and as ISIS take over more territory and weapons, they will not condone any nonreactive policy and strongly demands action against ISIS
If action is not taken, the countries will decrease oil production and do anything to secure peace in the region. Having over 50% control of the world's oil supply, these actions could have negative consequences for the rest of the global community.