Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Former White House Communications Director Anthony Scaramucci believes it would be "very smart" for Iran to de-escalate tensions with the U.S., amid fears of another military confrontation in the Middle East.
President Donald Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.
The U.S. president also warned an Iranian attack on Americans would be met with "great and overwhelming force" and "obliteration."
Iran responded to the additional sanctions by calling them "outrageous and idiotic" and suggested the White House was suffering from a "mental illness."
"The only thing I would say to people in Iran is I would be very careful with President Trump because he is not the kind of guy that is a politician," Scaramucci told CNBC's Hadley Gamble in Manama, Bahrain on Wednesday.
"He has lived his entire life without fear and so I would just be cautious with him. He just invested $1.4 trillion in the last two years in the United States military and so he means what he says," he added.
The Stockholm International Peace Research Institute (SIPRI) estimated that America's military spending amounted to $1.255 trillion over 2017 and 2018. The U.S. is by far the world's biggest spender when it comes to defense, accounting for 36% of total global military expenditure in 2018.
Scaramucci was fired from his role as White House communications director after just 10 days in the role in 2017, following controversial comments about his colleagues.
Last week, U.S. officials said an Iranian surface-to-air missile shot down an American military surveillance drone over the Strait of Hormuz — the world's busiest transit lane for seaborne oil shipments. Iran said the aircraft violated its airspace. Hours later, Trump said Iran made a "very big mistake" by shooting down the spy drone.
On Thursday, he approved military strikes on Iran before calling them off, saying the attack would have been disproportionate to Iran's downing of an unmanned American surveillance drone.
"It would be very smart on their part to de-escalate. The other thing he (Trump) said, which I know he means, is that he wants peace with the Iranians," Scaramucci said.
"You have to love his leadership, he is a very fearless guy," he added.
Tensions between the U.S. and Iran have spiked since May 2018, when Trump withdrew from the 2015 nuclear deal and reinstated sweeping sanctions on the country.
Iran scaled back some of its commitments under the landmark accord last month, including on the amount of low enriched uranium it is allowed to stockpile, after Trump ended exemptions from U.S. sanctions for countries still buying Iranian crude.
The Trump administration hopes additional sanctions on Iran will force the country to negotiate, with U.S. National Security Adviser John Bolton saying Washington would be prepared to go further in order to get Iran to the table.
The U.S. has also bolstered its military presence in the Middle East and blacklisted Iran's Revolutionary Guard as a terrorist organization.