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"Iran Must Only Succeed Once to Trigger a Catastrophe" - Benoit Tessier / REUTERS

"Iran Must Only Succeed Once to Trigger a Catastrophe" - Benoit Tessier / REUTERS

U.S. Military Expert on Oil Tanker Convoys in the Strait of Hormuz "Iran Must Only Succeed Once to Trigger a Catastrophe"

How can Iran's blockade of the Strait of Hormuz be broken? Retired General S. Clinton Hinote has addressed precisely that question as the former Air Force chief strategist. His conclusion? Difficult. Interview Conducted by Claus Hecking in Boston

Is Germany's Prosperity at Risk? - [M]: J.H. Darchinger / Friedrich-Ebert-Stiftung; Getty Images

Is Germany's Prosperity at Risk? - [M]: J.H. Darchinger / Friedrich-Ebert-Stiftung; Getty Images

From Inflation to Recession Is Germany's Prosperity at Risk?

Germany is facing a deep crisis, with inflation is reaching record levels and recession on the horizon. Even the middle class has begun to feel the pain.

Vast Oil Find Puts Guyana on the Verge of Riches - or Failure - Adriana Loureiro Fernandez / The New York Times / Redux / Laif

Vast Oil Find Puts Guyana on the Verge of Riches - or Failure - Adriana Loureiro Fernandez / The New York Times / Redux / Laif

The Curse of Black Gold Vast Oil Find Puts Guyana on the Verge of Riches - or Failure

Guyana has always been one of South America's poorest countries. But now that ExxonMobil has discovered a new oil field off the coast, the tiny nation could become one of the world's richest. But will it be a blessing or a curse? By Hauke Goos in Georgetown, Guyana

Climate Change The Church of England's Mission to Change Investment

Investment professionals are increasing the pressure on big corporations to do more to combat climate change. A small, but influential investor, the Church of England has become a leader in the mission to save the environment through finance. Von Tim Bartz

'Chance of a Century' International Investors Flock to Tehran

Since the West reached a landmark deal with Iran on its controversial nuclear program late last year, many Iranians are hoping for an end to sanctions. Western companies are also gearing up do big business. Von Susanne Koelbl

The Mideast's Awakening Energy Giant Iraq Progresses toward a Future Built on Oil Wealth

When the US toppled Saddam Hussein in 2003, few people imagined that it would take another decade before the Iraqi oil industry was rebuilt. Now, progress is finally being made, and the country's massive reserves could bring untold wealth. But before that happens, Baghdad needs to improve security and get corruption under control. Von Bernhard Zand

Big Oil's Strategy for Jacking Up Gas Prices - Oliver Berg/ dpa

Big Oil's Strategy for Jacking Up Gas Prices - Oliver Berg/ dpa

Confusion at the Pumps Big Oil's Strategy for Jacking Up Gas Prices

Prices at German gas pumps oscillate wildly, sometimes changing several times a day. The rises and falls are far from random, however. Studies and market observers say it is an attempt by big oil to ratchet up the cost of a fill-up as high as possible. Von Alexander Jung und Alexander Neubacher

Hefty Gas Taxes Fill Up Germany's Coffers - Andreas Gebert/ picture alliance / dpa

Hefty Gas Taxes Fill Up Germany's Coffers - Andreas Gebert/ picture alliance / dpa

Berlin's Oil Bonanza Hefty Gas Taxes Fill Up Germany's Coffers

Over half of the price of gas in Germany -- or roughly 40 billion euros each year -- goes straight into federal coffers. These taxes are steeper than almost anywhere else in Europe, but they don't go toward the environmental goals used to justify them. Von Alexander Jung

Companies Prepare for a Fossil-Free Future - CHINA NEWSPHOTO/ REUTERS

Companies Prepare for a Fossil-Free Future - CHINA NEWSPHOTO/ REUTERS

A World without Oil Companies Prepare for a Fossil-Free Future

Drivers may hate rising gas prices, but some companies are delighted as they watch the oil price soar. Firms like BMW and Airbus which are leaders in fuel efficiency actually benefit from expensive oil. They are just two of a growing number of companies that are already developing technologies for a post-fossil-fuel world. By SPIEGEL Staff

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