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New sanctions on Iran boost oil prices

Submitted by Fox First at Ten on July 12th

By CHRIS KAHNAP Energy Writer NEW YORK (AP) - Fears of violence in the Persian Gulf escalated Thursday, pushing the price of oil higher. The Obama administration slapped Iran with more sanctions aimed at stifling its nuclear program. Traders, who worry that the sanctions will eventually lead to a

Cheney: Romney 'only' man for foreign policy

Submitted by Fox First at Ten on July 12th

By KASIE HUNTAssociated Press WILSON, Wyo. (AP) - Former Vice President Dick Cheney told Republican fundraisers Thursday night that Mitt Romney is the "only" man who can make the right decisions in unexpected foreign policy crises. The presumptive 2012 Republican presidential nominee called

Obama and Romney: Where they stand on the issues

Submitted by Fox First at Ten on July 11th

By CALVIN WOODWARDAssociated Press WASHINGTON (AP) - A look at where Democratic President Barack Obama and Republican presidential rival Mitt Romney stand on a selection of issues: ABORTION and BIRTH CONTROL: Obama: Supports abortion rights. Health care law requires contraceptives to be available

Romney slams Obama for Chavez comments

Submitted by Fox First at Ten on July 11th

By JULIE PACEAssociated Press WASHINGTON (AP) - Republican presidential candidate Mitt Romney says President Barack Obama is "simply naive" if he thinks Venezuela's leader does not pose a threat to the United States. Romney's comments follow Obama's interview this week with a Miami TV

Kuwait official calls oil market relatively stable

Submitted by Fox First at Ten on July 11th

DUBAI, United Arab Emirates (AP) - Kuwait's oil minister says he believes the global oil market is relatively stable despite tightening sanctions on Iran and the recent threat of an industry shutdown in Norway. Oil Minister Hani Hussein's comments Wednesday suggest that OPEC's fourth

Oil prices bounce back near $86

Submitted by Fox First at Ten on July 11th

By CHRIS KAHNAP Energy Writer NEW YORK (AP) - The price of oil rose more than 2 percent Wednesday after the Federal Reserve released a report that signaled it may take further steps to lift the economy. China also reported strong auto sales for last month, and the U.S. said crude supplies

UN envoy says Syria president discusses transition

Submitted by Fox First at Ten on July 11th

By EDITH M. LEDERER and JOHN HEILPRINAssociated Press GENEVA (AP) - Syrian President Bashar Assad has discussed the possibility of forming a transitional government for his country as proposed by an international conference in Geneva last month, envoy Kofi Annan said Wednesday. Annan, the U.N.-

UN envoy presses Syrian peace plan with Iran, Iraq

Submitted by Fox First at Ten on July 10th

By ALI AKBAR DAREINI and QASSIM ABDUL-ZAHRAAssociated Press BAGHDAD (AP) - The U.N.'s special envoy on the Syrian crisis sought to build support for his peace efforts Tuesday with the leaders of Iran and Iraq, saying President Bashar Assad has agreed to a plan to quell the bloodshed in the

Iran sets up private oil export to beat sanctions

Submitted by Fox First at Ten on July 9th

TEHRAN, Iran (AP) - An official says Iran has set up a private oil export group in an attempt to bypass a European ban on buying Iranian oil. The ban is part of Western sanctions aimed at pressuring Iran over its nuclear program. Hasan Khosrowjerdi, head of the Iranian oil products exporters union

House panel probes UN agency's tech shipments

Submitted by Fox First at Ten on July 9th

By DONNA CASSATAAssociated Press WASHINGTON (AP) - A House panel launched an investigation Monday into whether a U.N. agency sent computers and other technology to Iran and North Korea in possible violation of U.N. Security Council sanctions. The Foreign Affairs Committee probe comes on the heels