Traders' risk appetite is helping to support oil prices, reports CNBC's Sharon Epperson.
In an interview with an Egyptian newspaper, Iranian President Mahmoud Ahmadinejad says Iran is "already a nuclear state," and that Iran has no intention of launching an attack on Israel. Danielle Pletka, American Enterprise Institute, offers insight.
Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
There are reports that a key Iranian nuclear site was rocked by a massive underground explosion. John Batchelor, The John Batchelor Show host, shares his opinions.
CNBC's Michelle Caruso-Cabrera reports that exit polls seem to show Benjamin Netanyahu will remain the Israeli PM, but he will have to compromise on both sides to form a new government. Former U.S. Ambassador to Israel Marc Ginsberg weighs in. The Israeli populace apparently did not appreciate Mr. Netanyahu running against the Obama Administration.
Byron Wien, Blackstone Advisory Partners vice chairman, shares his final market surprise: Iran increasing its nuclear capabilities this year.
Just two weeks before his second inauguration, President Obama is acting as if he believes he has a big mandate for his next term. The latest sign: his decision to defy a concerted campaign against his choice for defense secretary.
Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program.
Despite pressure from the U.S. and others, several companies are still investing in the Iranian energy sector.
OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said. Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general. They were divided over candidacies from Saudi Arabia and Iraq.
StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.
Michael Raska, Research Fellow, Institute of Defence & Strategic Studies, NTU, explains what may be delaying North Korea's rocket launch. He adds that the threat of possible sanctions may have also spooked Pyongyang.
NBC's Jim Miklaszewski reports on the developing story of Iran claiming it captured a U.S. drone.
Peter Hutton, energy analyst at RBC Capital Markets, tells CNBC that oil prices are likely to remain at current levels due to the falling supply out of Iran.
Iran captured a U.S. drone that was flying in the country's airspace, its media reported on Tuesday. Iran said the aircraft had entered its airspace and would respond "decisively" to any encroachments into its airspace.
Oil held around $111 per barrel on Monday on signs China's economic growth was beginning to recover.
Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas, tells CNBC if sanctions tighten on Iran there will be less capacity in the market and it is more likely to be upwardly price sensitive.
A new report says Susan Rice's portfolio includes companies doing business with Iran, with Michael Rubin, American Enterprise Institute.
Alastair Newton, Senior Political Analyst, Nomura says that the polls are close ahead of Israel's elections next month and that there's a risk that Tel Aviv could cut off tax revenue from Palestine.
Read ahead to see the most expensive U.S. military programs currently under way.