Topic: Strait of Hormuz

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Threats to US: Pentagon officials drop three surprises

Pentagon’s key intelligence officials warned of 'current and future worldwide threats' to US national security in a congressional hearing Thursday. Here are three top surprises.

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Cover Story Inside the mind of Iran's Khamenei (+video)

Why Iran's iron ayatollah distrusts the US and what that means for nuclear talks and the possibility of war with the West.
US predicted to be world's largest oil producer by 2017

New forecasts by the International Energy Agency predict the US may achieve energy independence by 2017. America is expected to surpass Russia as the largest gas producer by 2015, and Saudi Arabia as the world's top oil producer by 2017.
Energy Voices Iran may force oil spill in effort to lift embargo

Iran could order an oil spill by possibly wrecking an oil tanker in the Strait of Hormuz in an effort to disrupt key shipping lanes, according to OilPrice.com.
The New Economy Candidates indulge in China-bashing. But it's a distraction, not a solution.

Every presidential election seems to create a foreign bogeyman. But China in 2012 is no more a threat than NAFTA in 1996.
Iran threatens attack on US bases in event of war with Israel

Iran threatens attack: Gen. Amir Ali Hajizadeh, a senior commander in Iran's powerful Revolutionary Guard, warned that his country would target US bases in the region in the event of a war with Israel.
US, Israel play down differences over Iran

As the presidential election approaches, the US and Israel are playing down any differences regarding Iran’s nuclear capabilities, although defining any 'red line' remains elusive. In the Strait of Hormuz, the US is leading a major naval exercise aimed at Iran.
In Gear A drop in gas prices on the horizon? Maybe.

With Hurricane Isaac behind us and winter approaching, we may be in for a break on gas prices, Read writes. But hurricane season isn't over yet, and access to the Strait of Hormuz remains in question. Gas prices could spike again.
In Gear Gas prices and fuel economy: What's the connection?

As gas prices rise, so too does the average fuel economy, Read writes. The average fuel economy of new cars sold in the US rose to 23.8 mpg in August as gas prices edged up to $3.82.
Energy Voices The real reason behind oil price rises

In an interview, energy economist James Hamilton reveals how demand for oil keeps outstripping production, even with new shale oil supply coming from the United States.
Gas prices surge 34 cents since June

Gas prices rise unexpectedly from a combination of refinery and pipeline problems and increase in oil prices. But analysts don't expect average gas prices to reach $4 a gallon.
US drought: Gasoline prices rise as corn stalks shrivel

The price of gasoline has gone up 16 cents this month, the AAA says. The drought is hurting corn yields, raising the price of ethanol, which makes up 10 percent of each gallon of fuel.
Opinion Push in Congress to ban biofuels in military has big long-term costs

The US armed services is working hard to wean itself off of fossil fuels and foreign oil. Yet some in Congress, for short-term savings, want to ban them from purchasing biofuels. Cutting investments in long-term solutions like alternative fuel will cost America dearly in the future.
Gas prices fall 7 cents. But is the decline over?

Gas prices hit $3.41 a gallon, down 14 percent from this year's peak. But rising oil prices suggest the decline in gas prices will end.
The Monitor's View Gunboat diplomacy on a rebound?

Russia deploys warships off Syria. China sends threatening vessels to its neighbors over island disputes. The world can't afford a return to 19th-century naval intimidation.
US quietly prepares for naval clash with Iran in Strait of Hormuz

Iran is ramping up its production of mini-submarines, which are 'a huge problem' for US naval power. The US has countered by sending minesweepers to the region.
Gas prices jump, with summer vacations in full swing

Gas prices have risen about 5 cents a gallon in the past week to $3.38 a gallon. Drivers shouldn't be surprised if prices continue to go up this month.
Iran nuclear talks: limited progress as both sides send military 'messages'

Technical talks today in Istanbul ended with agreement to meet again. The talks came against a show of force by both Iran and the United States.
Iran tests missiles that it says can reach Israel

Iran tested today the Shabab 3 missile, which has a range of 800 miles. Tehran said the test was a response to Israel's threats of military action.
Consumer Energy Report High gas prices are a bipartisan failure

Neither Republicans nor Democrats are offering up policies that will effectively address high gas prices.
Obama, Congress, traders? Public unsure who to blame for high gas prices.

From all corners of the country, Americans are irritated these days by record-high fuel prices that have soared above $4 a gallon in some states and could top $5 by summer.
Inside the Keystone pipeline: How much would it really help US consumers?

Politicians paint a rosy picture of lower gas prices and abundant supply, but Canadian firms behind the Keystone pipeline expect it to supply Gulf Coast export markets and raise Midwest oil prices.
In event of an Iran-Israel showdown, what would US military do?

Iran was top of the agenda Monday at the Obama-Netanyahu meeting. A recent war game gave US military officials a sense of the threat exposure from operating in a narrow waterway such as the Strait of Hormuz, off Iran's coast.
Gas prices: How much will they hurt the economy? (+video)

Gas prices are slated to hit new highs within months. How might that affect the modest economic recovery? Here's a clue: Every 10-cent rise per gallon in gas prices costs the US economy $11 billion.
Newt Gingrich's big Super Tuesday gambit: win the gas pump vote

Ahead of Super Tuesday, Newt Gingrich is hammering Obama for an 'anti-energy policy' and playing up his own plan to reduce gas prices. It's a solid strategy, experts say, but will primary voters bite?
Oil nears $110 a barrel, gas prices jump 12 cents a gallon in a week. Eek!

Tensions with Iran have markets 'convinced there will be some type of confrontation,' says an energy analyst. Oil buyers are starting to 'horde,' and nervousness is affecting gas prices.