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
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread 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
The Gulf region is in a very sensitive situation and is "standing at a crossroads of war and peace", Chinese President Xi Jinping said on Friday, calling for calm and restraint and talks to resolve the issue.
Last week, Iran shot down a U.S. drone it said was in its airspace. The United States said it was in international skies. U.S. President Donald Trump planned, then called off at the last minute, air strikes on Iran.
Meeting United Nations Secretary-General Antonio Guterres on the sidelines of the G-20 summit in Osaka, Xi said that the Gulf region was "standing at the crossroads of war and peace", state news agency Xinhua reported.
"China always stands on the side of peace and opposes war," the report paraphrased Xi as saying. "All parties must remain calm and exercise restraint, strengthen dialogue and consultations, and jointly safeguard regional peace and stability."
China has close business and energy ties with Iran, but has had to step carefully as it has also been courting Iran's regional rival, Saudi Arabia.
The Chinese government's top diplomat warned last week that the world should not open a "Pandora's Box" in the Middle East, as he denounced U.S. pressure on Iran and called on it not to drop out of a landmark nuclear deal.