Iran

It's a truism of new-car sales: Gas prices go up, buyers focus more on gas mileage. Gas prices go down again, people forget all about fuel efficiency. Well, here's a gentle reminder about why you may want to focus on cars with high EPA ratings for gas mileage. As The New York Times reported, on Tuesday a senior Iranian government official said the country would retaliate against proposed U.S. sanctions on the country by closing the Strait of Hormuz, the bottleneck through which roughly one-fifth of the world's oil supply is shipped. The strait has long been viewed as a possible choke point...