Hurricane Katrina caused severe damage to U.S.refinery and production capacity in the Gulf of Mexico. Oil prices briefly spiked to above $70 per barrel before dropping after President Bush decided to…

Despite facing territorial losses, the Islamic State shows no sign of relenting in its campaign to spread terror beyond Iraq and Syria, says journalist Rukmini Callimachi.

China’s Third Plenum failed to clarify how the country’s new leadership will advance economic reforms in the years ahead, says CFR’s Elizabeth Economy.

Lawrence J. Korb, just returned from a Defense Department-sponsored visit to Iraq, says that the military situation in Iraq is “much more difficult than we have been led to believe.” He reports that …