Is there another Middle East powder keg ready to blow? Gen. Barry McCaffrey, U.S. Army, (Ret.) discusses Iran's threat to close the Strait of Hormuz in retaliation for U.S. and European sanctions.
With two trading days left in the year, “Fast Money” pro Anthony Scaramucci shared his 2012 predictions on Europe, gold, the U.S. dollar, Iran and Occupy Wall Street.
Tough talk from Tehran this week sent crude oil prices higher, but what does a cost-benefit perspective suggest?
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.