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  • Iran Forced to Reflag Oil Tankers Wednesday, 22 Aug 2012 | 2:51 AM ET

    In 2008, Ernst & Young, the accounting firm, introduced short 90-day foreign assignments for both its U.S. and overseas employees. “It is something we introduced after the crisis as the way to offer expat postings in a more cost-effective way,” says Nancy Altobello, Americas vice chair of people at the company, the FT reports.

  • off shore oil rig

    China’s sluggish growth and contractions in oil supply and demand should be enough to convince oil market bulls that the oil rally can’t continue for long, Neil Atkinson, Director of Energy Research and Analysis at Data Monitor, told CNBC.

  • Syrian Energy Sanctions Hammer on Assad Regime Wednesday, 15 Aug 2012 | 5:14 PM ET

    The International Monetary Fund said Syria was one of the few countries in the Middle East whose economy is expected to contract in 2012. The IMF expected the regional economy to grow by more than 5 percent in 2012, an increase from last year. Economic problems for Damascus were compounded last week when the U.S. government extended sanctions on Iran to include the Syrian energy sector. Washington said the government in Damascus was generating millions in revenue through gasoline sales to Iran. With few political or military options available, economic warfare may be the best option for an international community frustrated with the bloodshed.

  • StanChart's Problems Far From Over Despite Settlement Wednesday, 15 Aug 2012 | 3:45 AM ET
    gavel and money

    Standard Chartered’s $340 million settlement with the U.S. regulator which accused it of illegal transactions with Iran has bolstered its share price, but questions over its management and how much more it will have to pay in fines remain.

  • standard-chartered-02-200.jpg

    Minutes after New York State’s Department of Financial Services announced a $340 million settlement with British bank Standard Chartered for doing business in Iran, the main lobby group pushing for increased sanctions against anyone doing business with the Islamic Republic issued a statement of its own.

  • Sanctions Force Iranian Retreat From Global Stage Tuesday, 14 Aug 2012 | 1:48 PM ET
    Oil refinery and petrochemical complex, Mahshahr, Iran,

    Iran has struggled to find a reliable consumer base given international sanctions pressure, and its recent production levels suggest the Islamic republic is retreating somewhat from the international energy sector.

  • What Do the ‘Two Bens’ Mean for Oil Prices? Monday, 13 Aug 2012 | 5:03 PM ET

    Oil could spike and gasoline prices could hit $5 per gallon over the next 30 days if we see more monetary stimulus and instability in the Middle East, analyst David McAlvany told CNBC’s “Closing Bell” on Monday.

  • Choppy Week Ahead for Oil Markets: Survey Friday, 10 Aug 2012 | 1:35 AM ET

    Supply-side tensions vying with a softer global macroeconomic outlook will cloud the direction in benchmark oil markets next week though key U.S. data releases may help set the tone, according to CNBC's weekly survey of oil market sentiment.

  • Congressman Pushes Back Against UK Over Iran Wednesday, 8 Aug 2012 | 7:37 PM ET

    The Congressman responsible for writing many of the U.S. sanctions against Iran lashed out about London-based Standard Chartered’s business with the Islamic Republic and the negative reaction from Britain to the impact of U.S. sanctions on British banks.

  • This shows the logo outside the Standard Chartered bank in the Central district of Hong Kong, 22 September 2003.

    Remember the advert that went: “Can a bank really stand for something, can it balance its ambition with its conscience," as you saw images of raindrops falling on leaves, children flying kites and Indians playing with colors?

  • Oil to Get Short Term Boost on US Jobs Data: Survey Monday, 6 Aug 2012 | 12:08 AM ET

    Oil prices will likely gain this week after Friday’s forecast-beating U.S. jobs report though any rally may fade quickly as one month’s data will do little to ease broader concerns about an anemic recovery in the world’s largest economy, according to CNBC's weekly survey of oil market sentiment.

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    The surge in grain prices amid the worst drought in the U.S. in more than half a century, has led to livestock farmers demanding the Obama administration reduce or temporarily cancel a federal mandate, which requires part of the corn crop be set aside to produce ethanol for blending into cleaner-burning gasoline.

  • Oil derricks in North Dakota pump oil from the Bakken Formation.

    Oil prices will likely gain this week on expectations that the U.S. Federal Reserve may announce additional stimulus to help boost an anemic recovery in the world's largest economy while markets are looking towards the European Central Bank to suppress unsustainably high sovereign borrowing costs in Spain and Italy, according to CNBC's weekly survey of oil market sentiment.

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    Lingering concern over the sustainability of high Spanish borrowing costs may limit further gains in the oil market despite heightened tensions in the Middle East, according to CNBC's weekly survey of oil market sentiment.

  • If Syria Falls, What Will Iran Do? Thursday, 19 Jul 2012 | 1:00 PM ET
    If Syria Falls, What Will Iran Do?

    CNBC's Sue Herera and Sharon Epperson report on how the rebellion in Syria is impacting Iran and its oil supply. Alireza Nader, The Rand Corporation, offers insight. "There is a possibility, if Iran becomes more nervous and insecure, they will be less likely to compromise on the nuclear program," says Nader.

  • Why Syria's Civil War May Spill Over Into Oil Market Wednesday, 18 Jul 2012 | 12:43 PM ET
    Syria's Defense Minister General Dawood Rajiha killed by Syrian Rebel attack.

    Many people in the intelligence community say the fighting in Syria has ramifications far beyond that nation’s borders and they could spill into the oil market very quickly. Syria is Iran’s main ally and they believe if Syria falls Iran will increase the speed of its nuclear program.

  • Pipelines Bypassing Hormuz Route Open Monday, 16 Jul 2012 | 1:44 AM ET
    This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets, the Financial Times reports.

  • Iranian military personnel place a national flag on a submarine during the 'Velayat-90' navy exercises in the Strait of Hormuz in southern Iran on January 3, 2012, the End day of ten-day war games. Iran's military warned one of the US navy's biggest aircraft carriers to keep away from the Gulf, in an escalating showdown over Tehran's nuclear drive that could pitch into armed confrontation

    Iran has announced plans to start building its first nuclear submarine—a piece of advanced military technology that only the most powerful nations on earth are even able to construct—and which runs on uranium enriched to such a level that it can double as the fuel source for a nuclear bomb.

  • Commodity Falls Spark Investor Rethink Friday, 13 Jul 2012 | 2:40 AM ET

    Prices of commodities from oil to copper have fallen sharply. Money is flowing out of the sector and some investors are questioning the so-called commodities ‘supercycle’ – the mantra that prices will rise and rise, underpinned by Chinese growth, the Financial Times reports.

  • Is the US Dictating Pipeline Policy to Pakistan? Monday, 9 Jul 2012 | 2:41 PM ET

    Washington is sending contradictory signals about two proposed natural gas pipelines that could begin to alleviate Pakistan's chronic energy shortages.