President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Iran is trying to expand its empire much like Hitler's Germany before World War II, former CIA Director James Woolsey said Monday, citing Tehran's moves to exert its influence in Syria, Iraq, Lebanon and Yemen.
"They are doing it on a highly ideological basis. They never cease chanting 'Death to Israel' and 'Death to the United States,'" Woolsey said in a CNBC "Squawk Box" interview. "They are an imperial power and trying to become more of an imperial power."
Woolsey called for a halt in the six-nation nuclear talks with Iran, which include the U.S. "Given Iran's aggressiveness and the fanaticism of its leaders, I don't think we can do a reasonable deal with them. They'll cheat."
Regardless of whether an agreement can be reached to curtail Iran's nuclear ambitions with verification measures, the rogue nation could have nuclear weapons capabilities in a "year or so," Woolsey said. "If we stop the talks, clamp further sanctions, introduce far more competition than exists today into the oil business ... we could slow them down."
Speculating on why the U.S. is participating, he said, "I think the president wants a good relationship with Iran and an agreement so he can claim a diplomatic victory."
Negotiations over Iran's nuclear program entered a critical phase Monday, with differences still remaining less than two days before a deadline for an agreement framework that would be the basis for a final accord to be reached by the end of June.
Woolsey is chairman of the advocacy group Foundation for Defense of Democracies. He's held presidential appointments in two Republican and two Democratic administrations, mostly recently as CIA chief under Bill Clinton.