The fall of major Iraqi cities to Sunni extremists belonging to the Sunni group Islamic State of Iraq and Syria (ISIS) may well have implications beyond the borders of Iraq. The evolution toward the dissolution of the country, which began following the US invasion in 2003 and the fall of the Saddam Hussein regime, will intensify. The independent Kurdish region is an established fact, recognized by most of the actors in the region. If the Sunni takeover of central Iraq is not stopped, it could lead to the establishment of a semi-independent Sunni area, with southern Iraq falling easily into the hands of Iran. In such a situation, Iraq would become an exporter of terror, with the various groups that operate there exploiting Syria’s weakness to expand their operations in the Middle East.