Iran says it will cut oil exports to more EU countries if they continue their hostile policies. After halting oil flow to Britain and France, Iran threatens to stop oil sales to other European Union member states if the EU continues its hostile policies. Iran’s Deputy Oil Minister Ahmad Qalebani on Monday hinted at the possibility of a halt in oil exports to Spain, the Netherlands, Greece, Germany,... 

The move was confirmed by the country’s Oil Ministry, with the spokesman saying that Iran will be “selling its oil to new customers”. The decision is not expected to have a big impact, as France only bought three percent of its oil − 58,000 barrels a day − from the Islamic republic last year, and Britain buys less than 1 per cent. But it was seen as a warning shot to other EU nations that... 

A single Vanguard class submarine Argentina’s foreign minister has accused the UK of deploying nuclear weapons near the disputed Falkland Islands, militarizing the South Atlantic. Hector Timerman voiced the accusations as he lodged a formal protest with the UN on Friday. He said Argentina had intelligence that Britain had deployed a Vanguard class submarine in the area. “Thus far the UK refuses... 

Iranian lawmakers aim to ban all oil exports to European countries in response to the oil ban against Iran. An Iranian lawmaker says the Majlis (parliament) Energy Committee has finalized a draft bill to stop the country’s oil exports to EU member states in reaction to the bloc’s recent decision to ban oil imports from Iran. Nasser Soudani, deputy chairman of the committee, said on Saturday... 

The EU will immediately ban new oil deals with Iran and implement a total boycott of Iranian oil in July 2012, under sanctions discussed by the 27 Foreign Ministers today. Sanctions could also target the activities of a number of Iranian companies, individuals and financial institutions, including the country’s central bank. British Foreign Secretary William Hague said the measure was part of... 

An Iranian Warship Tehran’s leadership has decided to order a blockade of the strategic Strait of Hormuz if the country’s oil exports are blocked, a senior Revolutionary Guard Commander said as reported by Iranian press. ­The strategic decision was made by Iran’s top authorities, Ali Ashraf Nouri said, as cited by the Iranian Khorasan daily. “The supreme authorities … have insisted... 

South Korean President Lee Myung-Bak (L) igreets Japanese Prime Minister Yoshihiko Noda. Both countries have expressed their intentions to disregard US-led sanctions on Iranian oil. Japan has become the latest country to hint at its intention to ignore US-led oil sanctions on Iran, after South Korea’s recent dismissal of Washington’s bid to boycott the Iranian crude. “We are not considering... 

An Iranian navy vessel launches a missile during the Velayat 90 drills at the sea of Oman, on Sunday, Jan. 1, 2012. A senior Iranian lawmaker says the country will not allow any oil to reach the “war engines of Iran’s enemies” through the Strait of Hormuz if its oil is subjected to sanctions. “Iran will never allow the Strait [of Hormuz] to be used against it and for the benefit of its... 

U.S. diplomats scored a silent victory last month when the Italian oil company Eni and Russian energy giant Gazprom postponed a deal to share a large claim to Libyan oil. The State Department can’t take credit, however, as the two companies based their decision to shelve the arrangement was based on the violence in the region. But it’s all part of a bigger plan to keep access to oil out... 

Melting of the polar ice cap has made Arctic resources more accessible. WikiLeak cables show fears that Arctic resources rivalry could lead to military conflict between Nato and Russia. The US government has signalled a new determination to assert its role in Arctic oil and gas exploration by sending secretary of state Hillary Clinton and other ministers to a summit of the region’s powers for... 

Documents leaked by WikiLeaks on Tuesday (19) prove once again that the “war” in Iraq was a big hoax – concocted by the capitalist powers and amplified by the corporate media. They show that the British government, in collusion with the U.S., discussed the sharing of oil from the invaded country a year before the invasion. The history of the existence of weapons of mass destruction... 

A gas station in Mexico. With the price of oil soaring to more than $100 a barrel, many Americans are making a shocking decision on how to fill up their vehicles. Americans who live near Mexico are sometimes driving across the border for gas where prices are on average $1.20 per gallon cheaper. There are conservative and liberal solutions to our dangerous dependence on foreign oil. The constant fighting... 

The growing production of bioethanol increases the shortage of food. Corn, sugar, other types of farm crops are required for the production of the biofuel. In addition, the growth of sowing for the green fuel reduces the square of lands designated for food cultures, which leads to smaller harvest and higher prices on food. FAO’s food prices index gained 2.2 percent in February, which marked... 

The following is one statement that you should get used to seeing: “The price of gold set another record today.” Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price... 

A grim report issued today by the Russian Agriculture Ministry warns that wheat plantings in the country, once the World’s second-biggest exporter, will drop 2.3 percent to 64.2 million acres for this year’s crop due to last summers historic drought and the soaring cost of oil and the fertilizer made from it. The Bloomberg News Service further warns about this report that this absence of Russian...