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International News

Oil shock from Iran war prompts countries to open strategic reserves

By MATT SEDENSKY and WYATTE GRANTHAM-PHILIPS The Associated Press NEW YORK (AP) — A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices. In response, the International Energy Agency ...

Analysis: Iran war becomes a contest of who can take the most pain

By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — The war with Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran's most effective weapon and the United ...