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
Trump reaffirmed that his new policy "will take effect next week" during a press conference in London alongside British Prime Minister Theresa May.
Asked by a reporter whether Mexico, which sent a delegation to the U.S. this week for talks with U.S. officials on the tariff and immigration disputes, has done enough to avoid the new duties, Trump said, "No, we haven't started yet."
When pressed to give his thoughts on Republicans who have signaled that they might take action to block the tariffs, Trump said, "I don't think they will do that."
"I think if they do, it's foolish," Trump added.
Multiple outlets reported that Republicans in Congress have met to discuss whether to go against Trump on his latest protectionist threat, which would steadily increase tariffs on all Mexican imports to 25% by October unless Mexico makes strides in stopping illegal immigration to the U.S.
Trump had initially tweeted that the flow of migrants illegally crossing into the U.S. would have to "STOP," but administration officials later said that there was no specific level of reduction they were looking for.
CNN reported Tuesday, however, that there was no clear GOP plan to handle the president's tariff threat, which could also jeopardize the new trade deal between the U.S., Mexico and Canada that is meant to replace NAFTA.
Even as some experts hypothesized that the White House wouldn't actually follow through on Trump's new policy, which would partly marry the fraught issues of trade and immigration, Trump sounded more and more committed to the plan over the weekend.
"Mexico is sending a big delegation to talk about the Border. Problem is, they've been "talking" for 25 years," Trump tweeted Sunday. "We want action, not talk."
The presser with May came as part of Trump's second visit to Britain, which coincides with the 75th anniversary of the D-Day allied invasion of Normandy, France, during World War II.
The event also came just three days before May was set to resign as U.K. prime minister, after struggling throughout her tenure to secure a deal for Britain to leave the European Union in accordance with the 2016 Brexit vote.
Trump told reporters at the press conference that "we'll see if we can do something" during the U.S.-Mexico talks this week.
"But I think it's more likely that the tariffs go on and we'll probably be talking during the time that the tariffs are on, and they're going to be paid," Trump said.
"Look, millions of people are flowing through Mexico," the president said. "That's unacceptable."