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  • Palace of the Republican Guard

    The Pentagon doesn’t know what happened to more than $100 million in cash held at Saddam Hussein’s palace in Baghdad during the Iraq war, according to a new report by the Special Inspector General for Iraq Reconstruction.

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    Despite reports suggesting that Iran is considering a halt to all oil exports to Europe as a response to European Union and US sanctions, the head of energy watchdog the International Energy Agency said that releasing reserves under its control is not something under consideration now.

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    Fed interest-rate plans hit the dollar and Iran reverses course - it's time for your FX Fix.

  • 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.

    Iranian authorities have reacted to the decision by the European Union on an embargo by calling for an immediate halt to oil sales to the continent. In a statement on its website, the Iranian Oil Ministry described the European Union’s decision as “hasty” and “a political game”.

  • Showdown with Iran

    Helima Croft, Barclays Capital, discusses the geopolitical implications of the EU's oil embargo on Iranian imports, and the U.S. sanctions on Iran's third largest bank.

  • Norwegian flag

    Oil prices are on the move again, and these strategists say the Norwegian krone will benefit.

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    The Greek drama plays on and Iran and Russia go native - it's time for your FX Fix.

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    An Iranian news agency is reporting police have closed down dozens of toy shop for selling Barbie dolls. The stated aim is to fight Western cultural influence.

  • Islamic Art

    It's a vast, valuable and diverse category of art , and taking a narrow religious view could hurt you as an investor.

  • Iran Using Oil as a Political Weapon?

    Insight on how tensions with Iran are impacting oil markets, with Peter Beutel, CameronHanover.com; Boris Schlossberg, GFT; and Lou Grasso, Millennium Futures. "We certainly have a lot of political, a lot of military risk in the price of oil," says Beutel.

  • Main roads in Riyadh are decorated with national flags and portraits of King Abdullah bin Abdul Aziz of Saudi Arabia on February 21, 2011 amid preparations to welcome the Saudi royal back as he is expected to return home later this week after convalescing in Morocco from operations in New York, according to a source close to the oil-rich Gulf monarchy. AFP PHOTO/FAYEZ NURELDINE (Photo credit should read FAYEZ NURELDINE/AFP/Getty Images)

    Inflation in the world’s top oil exporter Saudi Arabia has slowed to a four-year low of 5 percent in 2011, despite a significant ramp-up in government spending in the wake of the Arab Spring.

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    China grows, Spain sells bonds, rating agencies predict a Greek default - it's time for your FX Fix.

  • Straight of Hormuz map

    The Iranian Foreign Ministry has confirmed it has received a letter from the United States concerning the Strait of Hormuz, “via three different channels.” Authorities were considering whether to reply, although the contents of the letter were not divulged.

  • View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran.

    As Europe and the US tighten sanctions on Iran, China remains the largest buyer of Iranian oil and has played down economic sanctions as an effective way to influence Tehran. The CSM reports.

  • No Major Disruption to Oil Supply Yet: Analyst

    Azlin Ahmad, Editor, Crude Oil, Argus Media Limited, Singapore, says there is no major disruption to oil supply currently. She adds the downgrades of European nations by the S&P has put a cap on oil price gains.

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    European refiners have started to sever links with Iran, stopping spot purchases of crude ahead of a European Union meeting later this month that could impose a full oil embargo on Tehran, the FT reports.

  • An international oil tanker passes through the Suez canal in Ismailia, Egypt.

    Japan and South Korea are seeking new suppliers of crude oil to lessen their dependence on Iran, in response to US pressure to stop buying from the country. The Financial Times reports.

  • Chinese trade data lifts currencies down under, and short covering lifts the euro from Monday's lows — it's time for your FX Fix.

  • Iranian navy conducts the "Velayat-90" naval wargames in the Strait of Hormuz in southern Iran on January 1, 2012. Iran defiantly announced that it had tested a new missile and made an advance in its nuclear programme after the United States unleashed extra sanctions that sent its currency to a record low.

    The tensions over Iran and threats from the West to apply sanctions on Iranian oil will see crude prices facing more of an upside risk in the near future, a commodities analyst told CNBC.

  • 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.

    Iranian President Mahmoud Ahmadinejad’s five-day tour of Latin American countries comes at a time of rising tensions with the United States and growing international isolation. The US State Department described Iran’s search for friends as “desperate,” while US Treasury Secretary Timothy Geithner is expected to ratchet up the pressure in a visit to China and Japan.