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Topic - Michael A. Cohen

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  • Iran's President Mahmoud Ahmadinejad arrives Jan. 8, 2012, at the international airport in Maiquetia, Venezuela. Ahmadinejad visited Venezuela as part of his tour aimed at showing off relationships with some of Tehran's close allies, while tensions grow over the country's threats to block oil shipments in retaliation for tighter U.S. sanctions. (Associated Press)

    West's pressure on Iran may squeeze U.S., too

    As tensions heat up between Iran and the West, the prospect of a big spike in oil prices to as high as $200 a barrel suddenly looms over the U.S. economy, threatening to overshadow what have been promising signs of gathering strength.

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