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…

Gareth Porter, a veteran journalist and historian just returned from Iran, says early optimism that President-elect Barack Obama would open a new dialogue with Iran has dissipated.

Robert E. Hunter, former U.S. ambassador to NATO, says despite U.S. wishes for more robust military presence of European NATO members, he thinks there will only be a "token response."

A U.S. official involved in training Iraqi forces says the U.S. military will likely have to adjust the way it assists Iraqi units as coalition forces withdraw.

Steven Erlanger, the New York Times’ chief correspondent in Jerusalem, says Israelis remain fond of U.S. President George W. Bush but aren’t holding out much hope for his upcoming trip to the Middle …