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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
Speaking at the White House during a meeting with his Romanian counterpart on Tuesday, President Donald Trump said: "We are talking to various representatives of Venezuela … I don't want to say who but we are talking at a very high level."
Shortly thereafter, Venezuela's embattled President Nicolas Maduro said during a televised address: "I can confirm that for months that we have had contact."
Maduro said the aim of discussions was to "normalize and resolve this conflict" between the two countries. However, like Trump, Maduro did not wish to disclose which officials had been engaged in the talks, citing: "various contacts through various channels."
"Just as I have sought dialogue in Venezuela, I have sought a way for President Donald Trump to really listen to Venezuela," he added.
The South American nation is currently in the midst of one of the worst humanitarian crises in recent memory, with more than 4 million people having fled since 2015 amid an economic meltdown.
In late January, Maduro broke diplomatic relations with the U.S. after the White House recognized opposition leader Juan Guaido as the country's rightful interim president.
Officials from the U.S. and Venezuela had not previously confirmed contact before Tuesday.
Washington has imposed sanctions on a number of high-level officials and Venezuelan state entities to ramp up the pressure on Maduro — and ultimately try to oust him as leader of the OPEC country.
More recently, Maduro and a delegation representing Guaido have been meeting in Barbados to try to resolve a political stalemate.
Maduro is using "the same tactic that he has used with the opposition, opening backchannels in an effort to gain time," Diego Moya-Ocampos, principal political analyst for Latin America at IHS Markit, told CNBC via telephone on Wednesday.
He is trying to show that his administration is "engaging with different international actors in an effort to exhaust them," so that the Venezuelan topic loses momentum and regime change is no longer on the agenda, Moya-Ocampos said.
A protracted political stand-off has thrust the oil-rich, but cash-poor, country into uncharted territory — whereby it now has an internationally-recognized government, with no control over state functions, running parallel to Maduro's regime.
Guaido assumed a rival interim presidency in January, citing Venezuela's constitution, and denounced Maduro's government as illegitimate after he secured re-election last year in a vote widely criticized as rigged.
However, Maduro has refused to cede power. And, crucially, he still has the broad support of the military.
The minimum wage for the average citizen in Venezuela, which is estimated to be roughly $7 a month, would not be enough to cover even 5% of the basic food basket for a family of five people, the UN said in a report last month.