NBC's Ayman Mohyeldin reports Saudi Arabia cut diplomatic ties with Iran on Sunday and now Bahrain is making a similar move.
The tensions between Iran and Saudi Arabia are escalating after diplomatic ties were cut this weekend. CNBC discusses how other countries could get involved.
CNBC's Hadley Gamble comments on the mounting tensions between Iran and Saudi Arabia and its effect on oil prices.
Tensions between the two OPEC producers spurred worries about supply because most Saudi oil comes from a Shi'ite-dominated province.
Ali Arouzi, NBC News, reports from Tehran on the mood in Iran following Saudi Arabia's decision to execute a Shiite cleric and cut diplomatic ties with Iran.
CNBC's Hadley Gamble explains why relations between Saudi Arabia and Iran have soured following Saudi Arabia's execution of a Shiite cleric.
Juerg Kiener, MD and CIO at Swiss Asia Capital, Singapore, says the risk premium on oil is very low despite the escalating Middle Eastern geopolitics.
Executions an apparent message to both Sunni Muslim jihadists and Shi'ite anti-government protesters the kingdom will brook no violent dissent.
CNBC pays tribute to the business, sports, entertainment and political icons we'll miss heading into 2016.
John Kilduff, founding partner of Again Capital, shares his investment outlook for oil.
In an ominous sign for first quarter oil prices, U.S. government data showed a surprise stockpiling of crude and no slowing in output as the year comes to a close.
Talk about the riyal has picked up again after Saudi Arabia on Monday released its 2016 state budget, revealing a $97.9 billion deficit.
Saudi Arabia has unveiled spending cuts, subsidy reforms and a call for privatizations to rein in a deficit caused by low oil prices, the FT reports.
Kevin Adams, director of fixed income at Henderson Global Investors, says Saudi Arabia is likely to think about selling asset holdings including government bonds as part of its budget cuts.
The much-awaited Santa rally has evaded the market since the surge in stock prices in the first half of last week.
Richard Harris, chief executive of Port Shelter Investment Management, discusses whether Saudi Arabia's 2016 spending cuts are a sign of a larger problem.
Saudi Arabia's government ran a record budget deficit of $97.9 billion in 2015 because of low oil prices.
Investment firm leads a group to invest $247.7M in the company
Saudi Arabia's Kingdom Holding said on Thursday that it had led a group of investors that bought 5.3 percent of U.S. ride-hailing firm Lyft.
Saudi air defense systems intercepted a ballistic missile fired from Yemen.