Iraq may reactivate long-idle pipelines to get its oil to world markets if tensions over neighboring Iran result in the closure of the Strait of Hormuz, a government spokesman said Sunday.
Oil prices spiked to their highest levels since 2008 on fears that tensions with Iran have the potential to disrupt supplies through the Strait of Hormuz.
CNN's Eunice Yoon reports on how China's demand for oil is boosting global prices.
Employers are hiring, manufacturing is revving up and stocks are rallying. It looks like the recovery could finally be taking hold.
A look at the ongoing power play over the Strait of Hormuz and deterring the threat from Iran.
Lt. Timothy Breen flies missions close to Iranian air space almost every day in his U.S. Navy F-18 Hornet, often encountering Iranian military aircraft over the strategic waters of the Strait of Hormuz.
Challenging Iran
updated: Thu Feb 16 2012 14:58:00
CNN's Frederik Pleitgen on a U.S. carrier's mission close to Iran.
The Pentagon is converting an aging warship into a floating base for use by U.S. commandos operating in the Middle East, according to a senior Defense Department official.
Flanked by British and French ships, the USS Abraham Lincoln aircraft carrier moved through the Strait of Hormuz without incident Sunday despite recent threats from Iran.
CNN's Josh Levs talks about how the international community is pressuring Iran to openly discuss its nuclear program.
FACETIME: EXCLUSIVE Ali Al-Naimi, Saudi Arabia Oil Minister
The aircraft carrier USS Abraham Lincoln arrived in the Arabian Sea on Thursday, Navy officials said, a likely prelude to testing Iran's recent warning against sending a U.S. carrier through the Strait of Hormuz.
CNN's Barbara Starr reports on U.S. ships harassed in the Strait of Hormuz.
A diplomatic solution with Iran is still possible, Secretary of Defense Leon Panetta said Wednesday.
The United States is warning Iran of certain "red lines" they should not cross. CNN's Jill Dougherty reports.
CNN's Tim Lister explains why the shipping lanes in the Strait of Hormuz are strategically important.
The U.S. has used multiple means of reaching out to Iran in response to Iran's threat to blockade the Strait of Hormuz, a critical transit point for one-fifth of the world's oil.
The new year has greeted Americans with the highest January gas prices ever, and some analysts say prices could get close to $5 a gallon in some areas during the warm-weather driving season. The average price for a gallon of regular unleaded gasoline in the United States on Monday was $3.39, according to motorist group AAA. That's nearly 30 cents higher than a year ago.
At a time of heightened tensions with Iran, U.S. military officials told CNN Friday that U.S. military and Coast Guard ships had two close encounters earlier this month with high-speed Iranian boats in the Strait of Hormuz and Persian Gulf that exhibited provocative behavior.
The U.S. Coast Guard rescued six Iranian mariners at the northern end of the Persian Gulf early Tuesday, the Pentagon said.
U.S. sailors from a carrier strike group whose recent presence in the Persian Gulf drew the ire of Iranian military officials have rescued 13 of the Middle Eastern country's sailors from a hijacked fishing boat, a military spokesman said Friday.
U.S. Navy sailors from the USS Kidd rescue 13 Iranian sailors from a hijacked fishing boat in the Persian Gulf.
The United Kingdom said Saturday it plans to send a warship to the Persian Gulf, a move that follows Western criticism of Iranian threats to close the Strait of Hormuz.
Closing waterways and firing missiles. What's Iran's real plan? CNN's Chris Lawrence reports.
Another top Iranian official weighed in Wednesday about the tensions brewing between his country and the United States, the latest salvo in the war of words over the Strait of Hormuz and the Persian Gulf.
An expert on Iran-Iraq relations says there is no reason to suspect Iran and Iraq are going to be allies anytime soon.
Oil prices surged 4% Tuesday, fueled by continued anxiety over Iran's growing threat to shut down the Strait of Hormuz after the Iranian military launched a missile test.
Iran warned the United States Tuesday not to return a U.S. aircraft carrier "to the Persian Gulf region."
GOP presidential candidate Mitt Romney vows to repeal any Obama-era legislation if elected president.
President Barack Obama returned to Washington on Tuesday from a family holiday in Hawaii.
Iran test-fired two missiles Monday, the final day of its naval exercises in the Strait of Hormuz, state-run media reported.
The U.S. Navy warns Iran on its threat to shut down the Strait of Hormuz, saying any disruption "will not be tolerated."
Iran's vice president has warned that the country could block the Strait of Hormuz if sanctions are imposed on its exports of crude oil. What does the threat mean and what is likely to happen next?
The Obama administration said Iran has been "saber-rattling" over its threat to block the strategically important Strait of Hormuz and renewed its vow Thursday to keep the corridor open.
The U.S. Navy said Iran's threat to block the strategically and economically important Strait of Hormuz is unacceptable.
It is just 34 miles (55 kilometers) wide and dotted with islands and rocky outcrops, a channel that links the Persian Gulf with the Indian Ocean. Like many marine chokepoints, the Strait of Hormuz has long commanded the attention of empires and their navies.
Oil prices jumped over 2% Tuesday, crossing the $100-barrel-mark after Iran threatened to choke off the flow of oil passing through the Strait of Hormuz.
Iran is prepared to expand military and security cooperation with neighboring Iraq, a top Iranian military official said -- a week after U.S. forces pulled out of Iraq.
Iran's Navy ordered a helicopter from an unspecified foreign country to leave to leave the area of maneuvers it is conducting in the Persian Gulf, the semi-official Fars News Agency reported Monday.
Oman's ruler has pardoned 234 people who were arrested during anti-government protests earlier in the year, the Gulf state's news agency said.
Anti-government protesters in Oman refused to end protests Monday, despite orders from the sultan to hire 50,000 people and pay a stipend to people who are out of work, sources in the Gulf state told CNN.
One night in late July this year, the Japanese supertanker M. Star was making its way through the Strait of Hormuz -- the chokepoint at the southern tip of the Persian Gulf. It was en route to Japan with 3 million barrels of crude oil.
The United States has issued a new warning to ships passing through critical shipping lanes in the Middle East and along the African coast after confirming a terror attack took place there this year.
Four days after an al Qaeda-linked group claimed responsibility for targeting an oil tanker, the United Arab Emirates government has acknowledged that it was indeed attacked, state media said Friday.
A militant Islamist group has claimed responsibility for the explosion aboard an oil tanker in the Strait of Hormuz near Oman last month.
An alleged explosion Wednesday aboard an oil tanker in the Strait of Hormuz near Oman was described Thursday as a "mysterious incident, whose causes are not yet known" by WAM, the United Arab Emirates' state-run news agency.
An explosion occurred Wednesday aboard a Japanese oil tanker in the Strait of Hormuz near Oman, according to the U.S. Fifth Fleet and Japan's Ministry of Land, Infrastructure, Transport and Tourism.
The commander of a U.S. Navy submarine that collided with another Navy ship last month has been relieved of duty, according to a U.S. Navy statement issued Tuesday.
A U.S. Navy submarine and a Navy amphibious ship that collided Friday in the Strait of Hormuz south of Iran have arrived in Bahrain to be assessed for damage, the Navy said.
Iran's navy is planning to launch two new ships and a submarine later this week, the commander of the navy announced Sunday.
Crude oil prices fell Tuesday after a report showed a decline in consumers' gasoline use last week, fanning fears of a drop in demand.
Crude prices settled flat on Wednesday, after seesawing bigger-than-expected gain in gasoline supplies countered geopolitical tensions after Iran test-fired nine ballistic missiles, a move considered a possible threat to the flow of Middle East oil.
Crude prices settled higher Tuesday after an energy advisory group reduced its estimate on the amount of oil that will reach the market in the coming years.
Retail gas prices and crude oil futures reached record highs Monday amid a backdrop of Mideast tensions and dollar concerns, but crude ended the day lower.
The back-and-forth between Iran and the United States over an encounter between their naval forces intensified this week when Tehran rejected a message from Washington because it did not use the term "Persian Gulf," Iran's news agency said.
CNN's Barbara Starr reports on the Iranian tape of the sea standoff between the U.S. Navy and Iranian speedboats.
Iran on Thursday released video of its naval forces interacting with U.S. coalition warships in the Persian Gulf region -- but unlike video from the Pentagon, it did not show a threatening exchange.
The U.S. Navy releases video of the confrontation with Iranian Revolutionary Guard speedboats in the Persian Gulf.
The war of words between United States and Tehran continued Wednesday, with President Bush repeating his assertion that Iran is "a threat to world peace."
Iran has denounced video and audio recordings released by the United States of the two nations' confrontation in the Strait of Hormuz as "fabricated," according to statements carried by state-run television station.
CNN's Atika Shubert looks at security measures for President Bush's visit to Israel and Palestinian territories.
U.S. Navy releases audio of communication between Iranian defense force and American ships.
As President Bush prepared Tuesday to head to Israel and the West Bank for the first time as commander-in-chief, he called a confrontation between U.S. Navy warships and Iranian boats in the Strait of Hormuz "a provocative act."
CNN's Gerri Willis explains the basics of a recession and what effect it could have on the U.S. economy.
U.S. officials say Iranian boats harassed U.S. Navy warships in the Strait of Hormuz. CNN's Barbara Starr reports.
Five Iranian Revolutionary Guard boats "harassed and provoked" three U.S. Navy ships early Sunday in international waters, the U.S. military said Monday, calling the encounter a "significant" confrontation.
Iranian Revolutionary Guard boats harassed and provoked three U.S. Navy ships in the strategic Strait of Hormuz, officials said Monday
A Guantanamo Bay detainee from Saudi Arabia -- who is also the brother-in-law of a September 11, 2001, hijacker -- faces terrorism charges, the U.S. Office of Military Commissions said Friday.
In one of the largest, most visible war games America has staged in the Persian Gulf since the start of the Iraq war, two U.S. aircraft carriers and seven other warships cruised near the Iranian coast Wednesday.
A U.S. submarine has collided with a Japanese merchant vessel, a senior U.S. Navy official told CNN.
CNNMoney: Oil: Looking at $100updated: Fri Jul 14 2006 12:21:00
As bombs fall in Beirut, pipelines explode in Nigeria and Iran shakes its fist at the West, energy traders and motorists alike are wondering one thing: How high can oil prices go?
All of us buy gasoline to drive our cars or heating oil to stay warm in the winter. Even if we heated our homes with peat and solar panels, we'd still have to pay higher energy costs being passed along by airlines and hotels and supermarkets.
President Bush said Thursday that the U.S.-led global war on terror had "weakened" al Qaeda and cited as proof international efforts that he said had thwarted a terrorist plot to attack Los Angeles.
The White House on Thursday released a list of the 10 serious terror plots President Bush said were foiled by the United States and its allies over the past four years.
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