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  • What another war in the Middle East means Thursday, 26 Mar 2015 | 2:56 PM ET
    Yemen

    Americans "need to understand just how important a threat Yemen can be," says one analyst.

  • *Ukraine wants bondholders to accept debt writedown. LONDON, March 26- A legal conundrum is threatening plans to ease Ukraine's debt burden and possibly its entire $40 billion IMF-led bailout: should a $3 billion Eurobond held by Russia be classed as commercial paper, or as bilateral sovereign debt? Moscow bought the bonds from Kiev before a pro-Russian...

  • DUBAI, March 26- Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, in a push by the world's top oil exporter to check Iranian influence in its backyard. Most of the crude exported from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq-- together with nearly all the liquefied natural...

  • SINGAPORE, March 26- Gold extended gains to a seventh session on Thursday in its longest winning streak since 2012 as soft U.S. data boosted expectations the Federal Reserve would keep interest rates low for the time being. Spot gold rose 0.8 percent to $1,204.20 an ounce by 0739 GMT, after earlier hitting $1,204.60, its highest since March 5.

  • DUBAI, March 26- The financial damage to Iraq's mobile phone operators from the war against Islamist militants is likely to worsen in 2015, but the recent launch of long-awaited 3 G services in government-controlled areas should soften the blow. Islamic State, which controls swathes of northern and western Iraq, has destroyed transmitter towers in its...

  • *Gold briefly touches $1,200- an-ounce level. SINGAPORE, March 26- Gold extended gains to a seventh session on Thursday in its longest winning streak since 2012 as soft U.S. data boosted expectations the Federal Reserve would keep interest rates low for the time being. Spot gold rose 0.3 percent to $1,199.30 an ounce by 0306 GMT.

  • Yemen on brink of civil war, reports leader fled Wednesday, 25 Mar 2015 | 4:28 PM ET
    Southern People's Resistance militants loyal to Yemen's President Abd-Rabbu Mansour Hadi move tanks from the al-Anad air base in the country's southern province of Lahej March 24, 2015.

    Houthi forces closed in on Yemen's president's home as reports surfaced that he may have fled, the NYT reports.

  • March 25- Oil and gas producers Hess Corp and Ireland's Petroceltic International Plc agreed to pull out of the Dinarta license in Iraqi Kurdistan due to the fall in oil prices and disappointing well results, Petroceltic said. Petroceltic's London- listed shares fell as much as 5.5 percent in morning trade. Petroceltic, which owns 16 percent of the venture, said...

  • CNBC update: Stronger pot   Monday, 23 Mar 2015 | 11:33 AM ET
    CNBC update: Stronger pot

    Ted Cruz has announced his presidential run, and a study shows marijuana is 3 times stronger today than it was 30 years ago, reports CNBC's Sue Herera.

  • Kudlow: Why is US trying to do business with Iran? Friday, 20 Mar 2015 | 9:48 PM ET
    U.S. Secretary of State John Kerry (L), Iranian Foreign Minister Javad Zarif (R) and EU envoy Catherine Ashton pose for photographers before a meeting in Vienna November 22, 2014.

    Retired Gen. Petraeus joined Netanyahu in saying it is Iran, not ISIS, that is the real enemy. So why is the US trying to do business with Iran?

  • ISIS: The richest terror group, spending too fast Friday, 20 Mar 2015 | 11:17 AM ET
    ISIS fighters on parade

    An analysis shows ISIS is the world's richest terror group, owing to a nearly $400 million raid on an Iraqi bank in 2014, NBC reports.

  • SINGAPORE, March 20- U.S. crude futures eased slightly on Friday but stayed near $44 a barrel, dragged down by renewed concerns about oversupply after Kuwait's oil minister said OPEC had no choice but to maintain production levels. *U.S. crude for April delivery had fallen 5 cents to $43.91 a barrel by 0039 GMT on Friday after settling down 70 cents in the previous...

  • SINGAPORE, March 19- Iraq has notified its exploration partners that it plans to start splitting its southern Basra oil production into two grades due to quality differences, and offer a heavier type of crude from May onwards, sources with knowledge of the matter said on Thursday. Holders of technical service contracts include Lukoil, Petronas, CNPC, CNOOC, BP,...

  • SINGAPORE, March 17- U.S. crude futures held below $44 a barrel on Tuesday on concerns U.S. crude stockpiles could hit a record high for a tenth straight week, while Libya and Iran may add to output in an already oversupplied market. *U.S. crude for April delivery was unchanged at $43.88 a barrel as of 0033 GMT after it closed down 96 cents in the previous session, having...

  • ARBIL/ LONDON, March 13- A four-month-old oil deal between Iraq and the semi-autonomous Kurdistan region is close to unravelling after payments from Baghdad dried up, prompting Arbil to threaten to sue buyers and ramp up independent oil exports. The dispute highlights fundamental differences between the two sides over who controls oil resources and...

  • Sen. Corker's letter to President Obama   Friday, 13 Mar 2015 | 8:18 AM ET
    Sen. Corker's letter to President Obama

    Sen. Bob Corker, (R-Tenn.), explains why he thinks any effort by the Obama administration to bypass Congress and to straight to the UN to implement a nuclear agreement would be "a direct affront to the American people."

  • *Iraq seeks to stem losses from falling oil prices. BAGHDAD, March 12- Oil companies have proposed millions of dollars of cuts in development spending in Iraq, a senior oil ministry official said, after Baghdad told them low oil prices and its fight against Islamic State had made payments difficult. The slump in crude prices to below $60 a barrel from $115 in June has...

  • *Iraqi security forces fighting Islamic State in Tikrit. LONDON, March 12- Brent oil futures rose above $58 a barrel on Thursday as the dollar weakened and Iraqi security forces battled Islamic State fighters in Tikrit. Iraqi security forces and mainly Shi'ite militia exchanged fire with Islamic State fighters in Tikrit on Thursday, a day after pushing into...

  • *Oil firms offered Kirkuk crude instead of Basra- sources. LONDON, March 11- Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC's second-largest producer. So Iraq simply has less barrels for themselves, "said a source with an oil major with...

  • DUBAI, March 8- United Arab Emirates airlines Emirates, flydubai and Etihad Airways have suspended flights to Erbil, the airlines said in separate statements on Sunday, citing security concerns as Islamic State razes ancient cities in Iraq's north. Budget carrier flydubai, which was involved in a security incident in January when bullets hit one of its planes...