Terrorism & Security Falling oil prices shake economies of Iraq, Russia (+video)

Tanking oil prices may force Iraq to delay its final Gulf War reparations payment to Kuwait. And oil's drop has weakened the ruble, which Russia's central bank intervened to prop up today.

By , Staff writer

Alexander Zemlianichenko/AP

The plunging price of crude oil on international markets has been hailed by consumer analysts who say Americans who are spending less on gasoline and other petroleum products have more to devote to Christmas shopping.