Oil falls after CNBC says Saudis hike output

Tue Jun 10, 9:38 AM ET

NEW YORK (Reuters) - Crude oil futures fell on Tuesday from highs over $137 a barrel after CNBC reported Saudi Arabia had increased output by 500,000 barrels per day to 9.45 million bpd this quarter, traders said.

Oil consumption forecasts cut as prices surge

By JOHN WILEN, AP Business Writer
16 minutes ago


NEW YORK - The U.S. Energy Department and the International Energy Agency both lowered their global oil consumption forecasts for this year because of surging prices, but said demand continues to accelerate in developing nations.

Global cluster-bomb ban draws moral line in the sand

By Scott Peterson | Staff writer
and Michael Seaver | Correspondent

ISTANBUL, Turkey; and DUBLIN, Ireland - Diplomats from 111 countries will unveil a treaty on Friday to ban cluster bombs that have left war zones around the world littered with lethal weapons long after hostilities ended.

Europe balks at $8 a gallon gas

Protests have rocked London, Paris, and other cities across the continent this week.
By Mark Rice-Oxley

London - Trucks blocking a main London highway, fishermen blockading French ports, Dutch drivers petitioning parliament, Spanish and Italian fishermen voting to strike – Europeans are becoming restless at relentlessly high energy costs.

Talks to keep U.S. troops in Iraq provoke ire

By Howard LaFranchi
Tue Jun 10, 4:00 AM ET

Washington - An agreement the United States is negotiating with Iraq on the conditions for the long-term stationing of American forces there is under fire from national legislative leaders in both countries.

Bush and allies embrace possible Iran sanctions

By DEB RIECHMANN, Associated Press Writer
7 minutes ago

KRANJ, Slovenia - President Bush and European allies on Tuesday threatened tougher sanctions to squeeze Iran's finances and derail its potential pursuit of a nuclear weapon. Bush said the prospect of a nuclear-armed Iran would endanger world peace.

Oil rises jump more than $10 to new record high

By ADAM SCHRECK, AP Business Writer
15 minutes ago

NEW YORK - Oil prices shot up more than $11 to a new record above $139 Friday after Morgan Stanley predicted prices would hit $150 by the Fourth of July. The unprecedented jump is all but certain to drive gas prices well past the $4 mark in the coming weeks

U.S. sidesteps questions on Israeli threat against Iran

Fri Jun 6, 2008 1:31pm

WASHINGTON (Reuters) - The White House on Friday sidestepped questions about an Israeli threat to attack Iranian nuclear sites if it continues uranium enrichment, saying it was committed to dealing with Tehran through multilateral diplomacy.

Oil jumps over $6 as dollar weakens

Fri Jun 6, 2008 11:36am EDT

By Margaret Orgill

LONDON (Reuters) - Oil soared by more than $6 a barrel to over $134 on Friday, bringing gains in the last two days to $12 as the dollar weakened further on a jump in the jobless rate in the United States.

Remarks by Israel's transport minister that an attack on Iranian nuclear sites looked "unavoidable" and a Morgan Stanley report predicting oil could reach a record high of $150 by July 4, also sent crude prices roaring upwards.

Israel to attack Iran unless enrichment stops: minister

Fri Jun 6, 2008 9:02am EDT

By Dan Williams

JERUSALEM (Reuters) - An Israeli attack on Iranian nuclear sites looks "unavoidable" given the apparent failure of sanctions to deny Tehran technology with bomb-making potential, one of Prime Minister Ehud Olmert's deputies said on Friday.

‘So Close To'

We came so close to World War Three that day

James Forsyth and Douglas DavisWednesday, 3rd October 2007

On 6 September, when Israel struck a nuclear facility in Syria


A meticulously planned, brilliantly executed surgical strike by Israeli jets on a nuclear installation in Syria on 6 September may have saved the world from a devastating threat. The only problem is that no one outside a tight-lipped knot of top Israeli and American officials knows precisely what that threat involved.

McCain criticizes Obama on Iran

By LIBBY QUAID, Associated Press Writer
2 hours, 3 minutes ago

WASHINGTON - Republican John McCain raised the specter of a nuclear Iran in a speech to a pro-Israel group, once again chastising Democrat Barack Obama for his willingness to meet with leaders of Iran and other U.S. foes.

A Tantalizing Look at Iran’s Nuclear Program

By WILLIAM J. BROAD
Published: April 29, 2008

Barbed wire and antiaircraft guns ring a maze of buildings in the Iranian desert that lie at the heart of the West’s five-year standoff with Tehran over its program to enrich uranium.

Iran, IAEA to resume nuclear talks: envoy

Christopher Stern
Sun May 11, 2:09 PM ET

May 11 (Bloomberg) -- Hillary Clinton, who lost her lead among party superdelegates this weekend and has $20 million in campaign debt, will continue her fight for the Democratic presidential nomination, her campaign spokesman said.

U.S. sees food aid on track despite high costs

At the same time, oil prices have reached record highs, increasing the cost of shipping.

World food crisis to last four to six more years

By Inae Riveras

SAO PAULO (Reuters) - High world food prices will not ease for another four to six years, when global grain production should catch up with new demand from emerging countries, a senior Brazilian farm official said.

Iran nuclear talks in China fall short of agreement

By Chris Buckley

SHANGHAI (Reuters) - Six-nation talks looking to revive nuclear negotiations with Iran fell short on Wednesday of agreeing on a new package to present Tehran, while Iran's president said he was open to talks within limits.

The Bubble of American Supremacy

A prominent financier argues that the heedless assertion of American power in the world resembles a financial bubble—and the moment of truth may be here.

by George Soros

Missile Defense Deal Unlikely in Russia

AP foreign, Saturday April 5 2008

ABOARD AIR FORCE ONE (AP) - The White House says it does not expect President Bush's talks with Russian President Vladimir Putin to produce a deal on a missile defense system based in Europe.

NATO backs Bush's missile defense system

By MATTHEW LEE, Associated Press Writer
1 hour, 10 minutes ago

BUCHAREST, Romania - President Bush won NATO's endorsement Thursday for his plan to build a missile defense system in Europe over Russian objections. The proposal also advanced with Czech officials announcing an agreement to install a missile tracking site for the system in their country