Jan 5, 2012 European officials meeting in Brussels today have reportedly agreed to an Iranian oil embargo. It's the latest move by the west to punish Iran for its nuclear ambitions.
Jan 11, 2012 Today's Iowa caucuses mark the start of the 2012 election season. While the car brand Cadillac is expecting a strong year ahead, with a focus on becoming a global brand -- but Ford's Lincoln isn't going to be quite so lucky. Manufacturing hiring is finally picking up, but this time around companies are looking for more skilled workers. And Steve Chiotakis heads to the junk yard with Paddy Hirsch to understand junk bonds.
Dec 28, 2011 Oil prices are down a bit this morning after a Saudi oil official said his country would pump more crude. That follows Iran's threat to block the Strait of Hormuz, where about one fifth of the world's oil passes through.
Dec 28, 2011 Iran's navy chief said today his country could very easily close the world's most important oil transit channel. The threat to close it comes after the West imposed more sanctions on Iran over its nuclear program.
Dec 28, 2011 Iran has threatened to send military ships to block the Strait of Hormuz if President Obama signs a bill to impose sanctions to keep Iran from making nuclear weapons.
Dec 28, 2011 Iran has repeated its threat to block the Straight of Hormuz where about a-fifth of the world's oil passes through. In Italy today, investors seemed happy to buy up the country's debt.
Dec 28, 2011 Iran has threatened to block the strait if President Obama signs a bill to impose sanctions to keep it from making nuclear weapons. The impact on oil prices worldwide would be major and immediate.
Dec 28, 2011 As the European Union prepares to increase sanctions on Iran over its nuclear program, the Islamic Republic has retaliated with a threat to close the Strait of Hormuz, a strategic waterway for oil exports.