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Iraq's oil revenues drop by 17.6 percent in June

Submitted by Fox First at Ten on July 2nd

By SINAN SALAHEDDINAssociated Press BAGHDAD (AP) - Iraq's oil revenues dropped by 17.6 percent from May to June due to plummeting prices in the international market and the diversion of some production to meet domestic needs, the government said Monday. The

US-Israel war game rescheduled for autumn

Submitted by Fox First at Ten on June 29th

By ROBERT BURNSAP National Security Writer WASHINGTON (AP) - The top U.S. military officer says the U.S. and Israel will hold a major missile defense exercise in October. The exercise Austere Challenge '12 was scheduled originally for April but was

Oil soars 9 pct as Europe moves to tackle crisis

Submitted by Fox First at Ten on June 29th

By CHRIS KAHNAP Energy Writer NEW YORK (AP) - Oil soared the most in more than three years after European leaders took surprisingly aggressive steps to halt a debt crisis that has undermined confidence in the global economy. Benchmark U.S. crude jumped by $7.27

Q&A: New sanctions targeting Iranian oil

Submitted by Fox First at Ten on June 29th

By JONATHAN FAHEYAP Energy Writer NEW YORK (AP) - The U.S. and Europe want to deprive Iran of the oil income it needs to run its government and, most importantly, fund what they believe is an effort to build a nuclear weapon. Their efforts are entering a new phase this week

Ann Curry tearfully announces her Today show exit

Submitted by Fox First at Ten on June 28th

By Robyn Ross, Ann Curry officially announced her exit from the Today show Thursday, choking back tears as she thanked her colleagues and viewers. "I never expected to leave this couch after 15 years, but I am so grateful, especially to all of you who watch," Curry said, while sitting with co-host

Gas prices poised to drop below $3 a gallon, as Fourth of July holiday nears

Submitted by Fox First at Ten on June 28th

By Ron Scherer South Carolina is the first state to see its gas prices drop below $3 a gallon – the first time a state price has been that low since January. AAA, the national motorists' organization, forecasts that within the next week, the Palmetto State, whose average gasoline

Gas prices poised to drop below $3 a gallon, as Fourth of July holiday nears

Submitted by Fox First at Ten on June 28th

US clears China, Singapore from Iran oil sanctions

Submitted by Fox First at Ten on June 28th

By BRADLEY KLAPPER and MATTHEW LEEAssociated Press WASHINGTON (AP) - The Obama administration on Thursday cleared China and Singapore from possible U.S. economic penalties, citing their sharp cuts in imports of Iranian oil, as an American deadline arrived for banks to stop

Turkey fortifies Syrian border; bomb hits Damascus

Submitted by Fox First at Ten on June 28th

By ELIZABETH A. KENNEDYAssociated Press BEIRUT (AP) - Turkey deployed anti-aircraft guns, rocket launchers and other weapons along its border with Syria on Thursday, a military buildup that came as world powers showed new urgency to resolve the crisis before it ignites the

Navy chief: Iranian navy in Gulf quiet lately

Submitted by Fox First at Ten on June 27th

By ROBERT BURNSAP National Security Writer WASHINGTON (AP) - Iran's naval forces, periodically accused by the U.S. of provocative moves in the Persian Gulf, have shown restraint in recent months, the U.S. Navy's top admiral said Wednesday. "Things have