The Justice Department is attempting to revive a centuries-old law to speed up efforts to claim Iranian oil tankers seized during the war with Iran, but maritime law experts say the plan could face hurdles. The top federal prosecutor in southern Texas confirmed last month that his office is involved in the effort to revive…
Retirement is biting Generation X. Its oldest members will turn 62 next year, the earliest age at which people can claim Social Security benefits, with many Americans having too little saved to stop working even as the program faces its own funding crisis. Chris Branaman, 53, jokes that his retirement will be spent as a…
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude…
