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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 ...

War with Iran delivers another shock to the global economy

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating ...

Iranians fleeing cities under attack seek refuge in the countryside

By SARAH EL DEEB, AMIR-HUSSEIN RADJY and LEE KEATH Associated Press BEIRUT (AP) — Terrified by explosions shaking their homes in Tehran and other cities, tens of thousands of Iranians have packed up and left, finding refuge in small, remote towns to wait out massive bombardment by Israel ...

World leaders eye oil reserves, but so far hold off on tapping them

By MATT SEDENSKY AP National Writer 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. If it might seem like the ideal time to dip into the world's emergency oil ...

US allies and rivals in Asia gauge fallout from war in the Middle East

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — As war spreads across the Middle East, U.S. rivals and allies in Asia are preparing for the consequences, which include possible economic shock and long-term security threats. Here's a look at how the fighting in the Middle ...