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2012-05-16
G8 Summit: President Obama To Press Chancellor Merkel On Euro-Zone Growth Package

Water Policy Needs 'Radical' Change To Protect People And Environment

U.S. Nuclear Weapons Upgrades - Experts Report Massive Costs Increase

Discussion: Greek Politicians Debate Election Disaster - 'If We Leave The Euro, Everything Will Be Worse'

Practiced Civility - Politesse Trumps Policy As Hollande Meets Merkel

Aftermath Of An Election Debacle - Merkel Fires Environment Minister Rottgen

In U.S.: Georgia Police Escort School Buses After Rifle Threat

Disses And Death Threats - Rapper In Germany Fears For Life After Fatwa

Ratko Mladic Goes On Trial For Bosnia War Crimes

2012-05-15
U.S. Justice Dept. Opens Investigation Into JP Morgan's $2 Billion Trading Losses

Conflict With Far-Right Party - Young German Muslims Defend Right To Protest

Rebekah Brooks Defiant Over Charges Relating To Phone-Hacking 'Cover-Up'

Delayed Indefinitely - Unraveling Berlin's New Airport Debacle

New Elections In June - Markets Fall As Greek Talks Collapse

News Analysis: Standing Firm - Germany's Merkel Won't Budge On Austerity Despite Setback

Better Than Expected - German GDP Surges As Euro-Zone Split Widens

Former Mexican Official Pleads Guilty To Aiding Cartel

Panel Calls For Steep Cuts In U.S. Nuclear Weapons

Checking The Vaults - Germans Fret About Their Foreign Gold Reserves

French President Inaugurated - Hollande Under Pressure To Score Quick Victories

Report: Resources Being Stripped Faster Than Planet Can Renew Them

2012-05-14
North Dakota Oil Boom: Thousands Pin Their Dreams On Striking It Rich

Time To Admit Defeat - Greece Can No Longer Delay Euro Zone Exit

E.U.: Israel Putting Any Two-State Peace Deal At Risk

JP Morgan Investment Boss Ina Drew Quits Over Bank's $2 Billion Investment Losses

Commentary: 'It's Going To Get Harder For Merkel'

Couples Therapy - Germany's Merkel And France's Hollande Are Damned To Get Along

Gulf Unity On Hold Amid Iranian Warning

News Analysis: Merkel's Defeat - Germany's Social Democrats Return To Relevancy

Champagne Before Crash - Pilot Bravado May Be To Blame For Russian Superjet Disaster


Defying Iran, U.S. Says Warships Will Remain In Gulf
2012-01-03 20:01:47 (19 weeks ago)
Posted By: Intellpuke
The Pentagon says U.S. warships will continue to sail in the Gulf despite a warning by Iran’s army chief on Tuesday to stay away. The warning is Tehran’s latest tough rhetoric over the strategic waterway, part of a feud with the United States over new sanctions that has sparked a jump in oil prices.

Gen. Ataollah Salehi spoke as a 10-day Iranian naval exercise ended near the Strait of Hormuz at the mouth of the Gulf. Iranian officials have said the drill aimed to show that Iran could close the vital oil passage, as it has threatened to do if the United States enacts strong new sanctions over Iran’s nuclear program.

The strait, leading into the Gulf of Oman and Arabian Sea, is the only possible route for tankers transporting crude from the oil-rich states of the Persian Gulf to markets. A sixth of the world’s oil exports passes through it every day.

Oil prices rose to over $101 a barrel Tuesday amid concerns that rising tensions between Western powers and Iran could lead to crude supply disruptions. By early afternoon in Europe, benchmark crude for February delivery was up $2.67 to $101.50 a barrel in electronic trading on the New York Mercantile Exchange.

The jump came a day after Iran test-fired a surface-to-surface cruise missile as part of the maneuvers, prompting Iran’s navy chief to boast that the strait is “completely under our control.”

(story continues below)




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