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  • *Traders weigh possibility of Iran nuclear deal by next week. Tehran eager to recover oil market share lost due to sanctions. NEW YORK, March 27- Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear...

  • *Success would establish Riyadh as leader of Sunni states. RIYADH, March 27- Saudi Arabia's campaign to stop the Houthis from ruling over Yemen could define its role in the Middle East for years and shape its regional struggle with the rebels' ally Iran. Success would establish Riyadh as de facto leader of the region's Sunni states it has pulled together in a...

  • *Tehran eager to recover lost market share in oil from sanctions. NEW YORK, March 27- Oil fell on Friday as fears about the disruption of Middle East crude shipments from Yemen's conflict eased, and focus turned to the likelihood of an Iranian nuclear deal by next week that could put more supply on the market. Benchmark Brent oil and U.S. crude were down more than 2...

  • Obama must fix Israeli relations: Bill Richardson Friday, 27 Mar 2015 | 11:38 AM ET
    Bill Richardson

    The former UN ambassador says Israel is "our anchor in the Mideast."

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. LONDON, March 27- Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia- led air strikes in Yemen. Oil jumped around 5 percent on Thursday, its biggest daily gain in a month, after air strikes in Yemen by Saudi Arabia and its Gulf...

  • *Crude dips after rally as market reassesses conflict in Yemen. TOKYO, March 27- Asian stocks were mixed on Friday as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded. Crude oil prices were lower due to the dollar's bounce and as the market reassessed the potential impact of the escalating conflict in Yemen, where...

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell more than $1 on Friday, after sharp gains in the previous session, as worries of a disruption to crude supplies due to Saudi Arabia- led air strikes in Yemen eased. Oil jumped around 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and...

  • Is Yemen another Middle East proxy war?   Thursday, 26 Mar 2015 | 11:11 PM ET
    Is Yemen another Middle East proxy war?

    Yeme's current political conflict can be linked to escalating tensions between Iran and Saudi Arabia, says Jonathan Pain, author of the Pain Report.

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell over a percentage point on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia- led air strikes in Yemen was low. Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the...

  • Cramer Remix: I'm making a call on oil unrest Thursday, 26 Mar 2015 | 7:13 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer is eyeing the Middle East’s impact on oil.

  • Cramer: Yemen unrest impacts oil like never before Thursday, 26 Mar 2015 | 6:40 PM ET
    People watch as a vehicle that belonged to Shi'ite Muslim rebels burns during clashes in Aden, Yemen, March 26, 2015.

    Jim Cramer sees that Saudi Arabia's launch of military operations in Yemen will have a different impact on oil prices.

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies. The Saudi military operation against the Iran- backed...

  • INTERVIEW-Iraq oil minister sees $70 crude by end 2015 Thursday, 26 Mar 2015 | 3:33 PM ET

    BAGHDAD, March 26- Iraq's Oil Minister Adel Abdel Mehdi predicted world oil prices could reach $70 a barrel by the end of 2015 and played down the impact of the emerging conflict in Yemen on prices. A global slump in oil prices has slashed government revenue in Iraq, prompting the OPEC producer to renegotiate contracts with oil majors as it faces a costly military...

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies. Pakistan, a Riyadh ally far away from the conflict, promised a "...

  • What another war in the Middle East means Thursday, 26 Mar 2015 | 2:56 PM ET
    Yemen

    Americans "need to understand just how important a threat Yemen can be," says one analyst.

  • The fight for Yemen   Thursday, 26 Mar 2015 | 1:50 PM ET
    Iranian backed rebels capture key Yemeni areas

    Former Asst. Secretary of State and former U.S. Ambassador to Saudi Arabia Ed Walker, provides perspective on the conflicts in the Middle East.

  • Oil soars on Saudi strikes   Thursday, 26 Mar 2015 | 1:10 PM ET
    Oil soars on Saudi strikes

    The chaos in Yemen involving Saudi Arabia and Egypt are sending oil prices soaring, with CNBC's Jackie DeAngelis.

  • No real risk from Yemen conflict: Pro   Thursday, 26 Mar 2015 | 10:43 AM ET
    No real risk from Yemen conflict: Pro

    Francisco Blanch, Bank of America Merrill Lynch, discusses geopolitics, emerging markets, and oil prices in relation to Saudi Arabia going to war in Yemen.

  • DUBAI, March 26- Economies and markets in the wealthy Gulf oil exporters barely blinked when Islamist militants overran parts of neighbouring Iraq last year, and they look likely to ride out escalating conflict in Yemen with similar ease. Air strikes against Houthi forces in Yemen by Saudi Arabia on Thursday raised the prospect of a proxy war, with Shi'ite Iran...

  • Yemeni men search for survivors in rubble of buildings after airstrikes of a 10-member coalition of Gulf countries in Yemeni capital Sanaa.

    Military intervention by Saudi Arabia in the conflict in Yemen is ringing alarm bells around the Middle East and the world.