Middle East

Oil Falls As U.S. Prepares To Push Middle East Peace
NEW YORK (AP) — The price of oil is falling a day after reaching its highest point in almost a month as worries about a possible disruption in Middle East crude supplies lessen. Benchmark crude fell 68 cents to $88.60 Tuesday morning. Secretary of State Hillary Rodham Clinton heads to the Mid…
Senate Panel Okays Iran Sanctions
WASHINGTON (AP) — A Senate panel is backing sweeping new penalties on Iran with lawmakers arguing the economic pressure will undercut Tehran’s nuclear ambitions. The Banking Committee approved the legislation Thursday by voice vote in a rare instance of bipartisanship. Democrats and Re…