Russia

Business, Finance & Economics

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

The price of a barrel of oil has fallen to its lowest level in more than half a decade — and it's still falling. That's put a major dent in the economies of some of the world's largest oil producers, like Iran and Russia. But in the US, it's cause for celebration, as falling oil prices are translating into plummeting prices at the pump.

Global Scan

How do you capture a drug kingpin without firing a shot?

Over the weekend, US and Mexican officials teamed up to capture one of the Mexico's most notorious drug kingpins, El Chapo of the Sinaloa cartel. And they did it without firing a single shot. Meanwhile, all the gunfire and violence in Ukraine finally forced its president from power and into hiding, but his time is running out. That and more, in today's Global Scan.

Global Scan

Is this the space vehicle that will be NASA's alternative to Russia's 'taxi service' to orbit?

As US-Russia relations deteriorate, NASA is picking up the pace on finding a way to get to the International Space Station without relying on Russian rockets. Three private companies could get the nod from NASA this week. Meanwhile, ISIS is emerging as a more dangerous global threat, with evidence that it is researching weapons of mass destruction and possibly targeting the pope. We have those stories and more in today's Global Scan.