CNBC's John Harwood reports from the White House where President Obama and French President Francois Hollande are holding a joint news conference on various issues including Syria.» Read More
LONDON, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns that a shaky global economy may hurt oil demand following fresh signs of weakness in China and Japan and evidence of a new recession in the debt-saddled euro zone.
UNITED NATIONS, Oct 1- Syria accused the United States, France, Qatar, Saudi Arabia and Turkey on Monday of hijacking the country's 18- month conflict between government forces and pro-democracy rebel groups by supporting "terrorism" with arms, money and foreign fighters.
Oil production is merely a mirage, as is security in Libya, which was doomed from the day one PG (post-Gaddafi) because of the way it was “liberated."
Discussing growing tensions in the Middle East, and the political and economic implications of the recent uprisings, with Karim Sadjadpour, Carnegie Endowment Iran analyst.
The International Atomic Energy Agency says Iran is "cleaning up" a site the group wants to inspect, and some suspect the country is hiding evidence of whatever it's working on. NBC News' Richard Engel reports on Iran's influence in the region and explains what's behind recent developments in Syria.
Air France passengers were asked how much cash they had when their flight made an emergency landing in Syria and the government refused a credit card payment to refuel.
Nader Mousavizadeh, CEO of Oxford Analytica, told CNBC, that Syria will now see an intensification of the conflict on the ground with the west pulling out and away and leave the conflict to its own devices.
HSBC opted to continue with a business relationship with one of the key financiers to the regime of Syrian president Bashar al-Assad even after its own compliance officials raised concerns about a trust linked to him, according to an investigative report into money-laundering by the U.S. Senate. The Financial Times reports.
The International Monetary Fund said Syria was one of the few countries in the Middle East whose economy is expected to contract in 2012. The IMF expected the regional economy to grow by more than 5 percent in 2012, an increase from last year. Economic problems for Damascus were compounded last week when the U.S. government extended sanctions on Iran to include the Syrian energy sector. Washington said the government in Damascus was generating millions in revenue through gasoline sales to Iran. With few political or military options available, economic warfare may be the best option for an international community frustrated with the bloodshed.
Earlier this week, crude oil bounced up $1 after a false Twitter rumor that Syria's president had been killed. Joe Weisenthal, Business Insider; Catherine Rampell, The New York Times; and CNBC's John Carney, discuss the Tweets you should trust.
The Congressman responsible for writing many of the U.S. sanctions against Iran lashed out about London-based Standard Chartered’s business with the Islamic Republic and the negative reaction from Britain to the impact of U.S. sanctions on British banks.
"Rebel forces in Syria are a lot stronger than they used to be they are a critical threat to the regime for the first time I would say in the whole conflict, but Assad is still not gone yet and his forces still have strength in Damascus, Aleppo and the North, this isn't the end of the story but the regimes pillars are fracturing," Ayham Kamel, Middle East analyst at Eurasia Group, told CNBC.
"The idea that there can be some political or diplomatic solution to this crisis is a fantasy. Two days ago we saw the Syrian rebels wage one of the most sophisticated attacks against the regime designed to show the regime that its days are numbered," Michael Weiss, director of research at the Henry Jackson Society told CNBC.
Senator John McCain is speaking out in defense of Syria. Is there any hope to calming the storm? Helima Croft, Barclays Capital analyst, and John Batchelor, The John Batchelor Show host, weigh in.
CNBC's Sue Herera and Sharon Epperson report on how the rebellion in Syria is impacting Iran and its oil supply. Alireza Nader, The Rand Corporation, offers insight. "There is a possibility, if Iran becomes more nervous and insecure, they will be less likely to compromise on the nuclear program," says Nader.
Bashar al-Assad's defense minister and brother in law were killed in an attack today, as the crisis in Syria unfolds. NBC's Richard Engel has the details of the escalating concerns.
Many people in the intelligence community say the fighting in Syria has ramifications far beyond that nation’s borders and they could spill into the oil market very quickly. Syria is Iran’s main ally and they believe if Syria falls Iran will increase the speed of its nuclear program.
"Russia doesn't like the idea of western backed regime change anywhere, it only backed the UN resolution in Libya because it thought it probably wouldn't work and it has no intention of allowing another leader to be deposed by their own people and the West," Peter Apps, political risk correspondent at Thomson Reuters, told CNBC.
Tom Essaye, Editor, Money and Markets says things are improving in corn & soybean markets due to hot weather concerns.
Tom Essaye, Kinsale Trading president provides his forecast on oil prices and where to find the best risk/reward plays.