High water and flooding are making driving impossible for many travelers in the Houston area; Taco Bell and Pizza Hut are getting rid of artificial colors and flavors; and Olive Garden is getting creative with their breadsticks, reports CNBC's Sue Herera.» Read More
Sharing insight into Iran's threats to close down the Strait of Hormuz, with Alireza Nader, Rand Corp. Iran analyst saying, "what Iran is counting on is to use this as a threat to prevent an oil embargo on Iran and if there is a conflict to impede the flow of oil to a certain extent that oil prices go up and this puts pressure on the United States and other governments."
A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any crackdown by blocking all oil shipments through the Strait of Hormuz, a vital artery for transporting about one-fifth of the world’s oil supply.
Euro zone fights continue, Iranian rial dives - it's time for your FX Fix.
Investors can blame Europe for choking off stock market gains in 2011. But there’s a growing list of geopolitical flashpoints lurking in 2012—and any one of them could pose a risk to stocks.
In a move that could change the entire dynamic on the drive to economically isolate Iran’s regime, one Chinese company has done the unthinkable, and chosen to voluntarily stop pursuing new business activities in Iran.
A couple of “Fast Money” pros largely brushed aside concerns about Iran’s effect on crude oil prices Tuesday, focusing instead on decreasing demand as the stronger factor in the commodities market.
Crude futures are back near $100 a barrel on supply concerns and reports that Iran is conducting military exercises. The trade on oil, with Daniel Dicker, TheStreet.com senior contributor.
CNBC's Sharon Epperson reports on the rise of oil prices as Iran's military exercises take place in the Strait of Hormuz.
Now that the "Arab Spring" is turning into the "Arab Winter" the former prime minister writes, "the challenge emerging from the changes taking place is so big that we had better put in place a common Western strategy or we'll find that national approaches are totally irrelevant to shape events there."
As tensions are escalating between Iran and the West, one thing is for sure: If there is anything worse than the global crisis, it may be the eventual recovery.
US oil prices are flirting with $100 a barrel but don't fully reflect the potential for escalating tensions between the West and Iran, oil experts say.
Energy led the market higher Tuesday, and "Fast Money" trader Joe Terranova thinks the play is oil.
Iranian protesters stormed the British Embassy in Iran and ransack offices.
Japan walks softly carrying its intervention stick, and Italy votes on austerity - it's time for your FX Fix.
We must work with Israel to determine the proper military response needed to stabilize the region, protect our allies and protect this country – if that includes targeted airstrikes on Iranian nuclear facilities, then I am prepared to authorize that action.
CNBC's Eamon Javers reports Attorney General Eric Holder says the U.S. has charged two men, originally from Iran, for conspiracy to murder Saudi Arabian Ambassador.
JPMorgan has agreed to pay $88.3 million to settle potential civil liability for apparent violations of a wide range of US sanctions, the Treasury department said.
Bahrain began its highly-anticipated National Dialogue this week in an effort to restore confidence both domestically and internationally that the Kingdom is committed to working through issues that sparked unrest within its borders in mid-February.
So if OPEC trumpets a 1.5 million barrel rise in daily output, is this just an admission of what’s going on anyway or is this new oil? If it’s the latter, then that is meaningful. If it’s the former, don’t get too excited.
With oil-producing countries in turmoil and crude gushing to triple digits, OPEC finds itself after 50 years at a critical crossroads. The group produces 40% of the world’s oil, but unrest and revolution in member countries has compromised output.