There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.
IBT Staff Reporter
Mar 07, 2011
Pent-up demand has resulted in a surge in Iraqi stocks due to political gains and lifting of UN sanctions, says investment management company Global Capital Investments.
IBT Staff Reporter
Mar 07, 2011
Rebels in eastern Libya have captured members of a British special forces team but the issue will be resolved shortly, rebel sources said on Sunday.
Jack Kim
Mar 07, 2011
China said on Friday its military spending for 2011 would rise 12.7 percent, resuming double-digit hikes that have stoked regional disquiet about Beijing's expanding strength.
Wenwen Meng
Mar 04, 2011
Fleeing after years of war in Iraq, many refugees arriving in the United States can't find the jobs they need to rebuild their lives. Unemployment among Iraqi refugees is estimated at nearly three times the national average of 9 percent, and up to 2,000 of those who arrived in the past four years may have left for other countries.
Samantha Nolan
Mar 03, 2011
Muammar Gaddafi struck at rebel control of a key Libyan coastal road for a second day on Thursday but received a warning he would be held to account at The Hague for suspected crimes by his security forces.
IBT Staff Reporter
Mar 03, 2011
Libyan leader Muammar Gaddafi has reportedly accepted an offer of mediation from Venezuelan President Hugo Chavez while an opposition group has rejected it, according to a report.
IBT Staff Reporter
Mar 03, 2011
Establishing a no-fly zone over Libya would require widespread bombings to destroy Libyan air defenses first, a top U.S. defense official said on Wednesday.
IBT Staff Reporter
Mar 03, 2011
The U.S. military said it has brought 22 new charges against a soldier accused of leaking hundreds of thousands of sensitive U.S. government documents that were later published by the website WikiLeaks.
IBT Staff Reporter
Mar 02, 2011
Gold touched a record high above $1,440 an ounce on Wednesday, as a bullish confluence of political unrest in Libya, surging oil prices and easy monetary policies spurred safe haven buying.
IBT Staff Reporter
Mar 02, 2011
Muammar Gaddafi launched a land and air offensive to retake territory in Libya's east at dawn on Wednesday, sparking a rebel call for foreign air strikes against African mercenaries they said were helping him cling to power.
Jack Kim
Mar 02, 2011
OPEC output fell in February from a two-year high the previous month as the uprising in Libya curbed supplies from Africa's third-largest producer, even as Saudi Arabia pumped more, a Reuters survey showed on Tuesday.
IBT Staff Reporter
Mar 01, 2011
Veteran Egyptian diplomat Amr Moussa said on Sunday he intends to run for president, a post held for three decades by Hosni Mubarak until he was toppled from power by a mass uprising this month.
IBT Staff Reporter
Feb 28, 2011
Gunmen have attacked and bombed Iraq's largest oil refinery, Baiji, shutting down the facility and killing at least five employees
Palash Ghosh
Feb 26, 2011
Anti-government protests in Iraq have resulted in the deaths of at least eleven people as thousands of demonstrators rallied on Friday across the country to express a day of rage.
Palash Ghosh
Feb 25, 2011
Are the global markets past the Middle East unrest? The answer is probably yes.
Hao Li
Feb 25, 2011
Former Alaska Governor and potential 2010 Republican Presidential candidate Sarah Palin has blasted the White House and Barack Obama for not showing more support for the Libyan people in their demonstrations against Moammar Gaddafi.
Palash Ghosh
Feb 24, 2011
An Iraqi immigrant, who ran over his daughter in his car and assaulted her boyfriend's mother in a case billed as honor killing, has been convicted of second-degree murder by a Phoenix jury.
IBT Staff Reporter
Feb 24, 2011
Gold hit five-week highs in Europe on Friday and silver its strongest since 1980 as growing unrest in the Middle East lifted interest in precious metals, though another reserve requirement hike from China curbed gains.
IBT Staff Reporter
Feb 18, 2011
Libya said on Friday that it has decided to postpone indefinitely the 23rd summit of Arab League, a 22-member forum representing Arab nations, said a media report.
Shankar besta
Feb 18, 2011
As authorities in Middle East countries hit by protests continue to censor media and disrupt communication, deaths and the consequent funerals in Bahrain, Yemen and Libya are expected to escalate the unrest.
IBT Staff Reporter
Feb 18, 2011
Iraqi authorities have arrested a high-ranking police official in connection with the purchase of a bomb detector that the British government says does not work, officials said on Thursday.
Jack Kim
Feb 17, 2011