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Behind the latest tensions is the US desire for the control of a resource that Iran is in a unique position to challenge, writes Michael T. Klare.
Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell strongly hinted the central bank will cut rates this month.
How the Strait of Hormuz, a narrow stretch of water where ships transport $1.2 billion worth of oil every day, is at the heart of spiraling tensions w...
The US blames Iran for two tanker explosions and a drone shooting near the Strait of Hormuz. Some 21 million barrels of oil pass through it every day.
A seized Iranian tanker took a several-thousand-mile detour around Africa in a possible attempt to sneak a shipment of crude oil to Syria
Iran's tanker was seized in Gibraltar, where authorities say they had reason to believe it was violating sanctions by taking oil to Syria.
Oil prices were lower following the move by OPEC, a signal that growth concerns have overwhelmed expectations for lower supply.
Trump’s new Iran sanctions are part of a ‘high risk’ strategy that could start a war he doesn’t want, experts warn
Trump is trying to force Iranian leaders into talks with more sanctions, but that could also lead Iran to seek more confrontations — and trigger war.
Iran downed a $130 million US drone. Trump’s sanctions are probably costing Iran $120 million a day.
Iranians have complained of feeling their "bones breaking" under enormous and effective Trump-imposed sanctions.
While the US has become the world's top energy exporter thanks to a boom in fracking, it still imports more than 30,000 barrels of oil a month from countries in the Middle East.
Oil, gold, and bitcoin are jumping on Iran tensions before Trump reveals ‘major’ sanctions, while stocks are mixed
Rising US-Iran tensions and a prolonged US-China trade war have lifted commodities and cryptocurrencies.
"There is plenty of reason to be seeking shelter in gold."