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Wikimedia CommonsThe U.S. Treasury Department on Friday issued a license to Boeing Co. (NYSE: BA) allowing the company to sell airplane parts to Iran. The license is related to the deal between the...
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ThinkstockThis weekend’s deal with Iran could be a monumental shift of the international tides. Unfortunately, it could also be a monumental mistake as some international leaders have voiced. 24/7...
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When nations go to war, the so-called military industrial complex is generally considered to be the real winner when it comes to the economic side of the equation. Warfare is a very costly business,...
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ThinkstockThe U.S. Geological Survey is reporting a magnitude 6.3 earthquake about 89 kilometers southeast of the Iranian city of Bushehr, the site of that country’s main nuclear energy development...
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ThinkstockFor more than a year now, the big story about Glencore International Ltd. has been its effort to take over mining company Xstrata. But an exclusive report at Reuters today could change all...
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ThinkstockThe government of Iran has long held that the U.S. and European sanctions being imposed on the country have had little impact on the Iranian economy. But in a report to the country’s...
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Although the tensions between Iran and the US and Europe have relaxed somewhat in the past couple of months, not everyone is taking for granted that a long-term solution to the Iranian development of...
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The $125 billion bailout of Spain’s banks put some life in US stocks this morning, and boosted Brent crude prices to more than $102/barrel before tumbling back to below $98/barrel in the late...
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The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about...
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Negotiations between Iran and the P5+1 — the US, the UK, France, China, Russia, and Germany — ended in failure yesterday. The six-nation team sought an end to Iran’s nuclear enrichment program...
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Negotiations in Baghdad between Iran and the P5+1 nations — the US, the UK, France, China, Russia, and Germany — over the continued development of Iran’s nuclear program and the existing and...
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The International Atomic Energy Agency (IAEA) and the government of Iran have agreed to a new inspection plan that gives the IAEA access to previously closed Iranian nuclear development facilities....
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Analysts at Goldman Sachs have noted that Saudi Arabia has increased its crude oil inventories by 34.5 million barrels in the three-month period from December 2011 to February 2012. Goldman views the...
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When 18 economists were asked to name the biggest threat to the recovering US economy, 9 answered that an oil price spike caused by a US-Iran confrontation is the most likely. Other contenders...
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The Islamic Republic of Iran has been forced to begin trading its oil for goods as the US-led imposition of sanctions make it increasingly difficult for the country to obtain hard currency for its...
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