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

Russia demands that Bulgaria treat Soviet memorials with a little respect

Monuments showing heroic Soviet soldiers dot many of the former USSR satellite countries. And since the end of the Cold War, they have been refashioned by activists into political statements, infuriating Russian officials. In Africa, social media networks have been spreading a folk 'cure' for Ebola. And the Israeli government has kept independent human rights investigators out of Gaza. That and more, in today's Global Scan.