Iran has repeatedly threatened it will close the Strait of Hormuz waterway, through which one-fifth of the world's oil supplies pass every day, if new oil sanctions are imposed on Tehran for it's nuclear ambitions. Iran, the world's No. 3 energy exporter, relies on oil exports to finance as much as half its national budget.
Former Massachusetts Governor Mitt Romney won the Iowa caucus by a mere eight votes over surprise contender and former Senator Rick Santorum. Texas Rep. Ron Paul finished in a strong third place, with Newt Gingrich and Rick Perry filling out the rest of the top five.
North Korean dictator Kim Jong Il was commemerated in the North Korean capitol of Pyongyang on Dec. 28, 2011. Crowds of wailing citizens lined the streets as his body was driven through the city, and his son and successor Kim Jong Un made a rare public appearance.
With the first national GOP presidential caucus looming ahead on Jan. 3, 2012, the candidates are hitting the road in Iowa looking to raise their profile, their standing in the polls and their chances of winning the Republican presidential nomination.
Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide. UPI is a global operation with offices in Beirut, Hong Kong, London, Santiago, Seoul and Tokyo. Our headquarters is located in downtown Washington, DC, surrounded by major international policy-making governmental and non-governmental organizations.
UPI licenses content directly to print outlets, online media and institutions of all types. In addition, UPI's distribution partners provide our content to thousands of businesses, policy groups and academic institutions worldwide. Our audience consists of millions of decision-makers who depend on UPI's insightful and analytical stories to make better business or policy decisions.
In the year of our 107th anniversary, our company strives to continue being a leading and trusted source for news, analysis and insight for readers around the world.