Sunni militants in Tikrit, northern Iraq. The extent of the Iraqi army’s defeat at the hands of militants from the Islamic State of Iraq and Syria (Isis) became clear 
on Wednesday (11JUNE)
yesterday when officials in Baghdad conceded that insurgents had stripped the main army base in the northern city of Mosul of weapons, released hundreds of prisoners from the city’s jails and may have seized up to $480
million in banknotes from the city’s banks.

Iraq is facing its gravest test since the US-led invasion more than a decade ago, after its army capitulated to Islamist insurgents who have seized f(...)