Oil soars, stocks dip after Saudi supply shock
Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fueled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets.
Iraq says U.S. does not believe Iraqi territory used to launch attack on Saudi
Iraq said on Monday it had been told by the United States that Washington did not suspect an attack on Saudi Arabia had been launched from Iraqi territory.
Kremlin warns against ‘hasty conclusions’ over attacks in Saudi Arabia
Russia on Monday urged countries in the Middle East and outside the region not to draw “hasty conclusions” on who staged the attacks on Saudi oil facilities.
Trump pledges to help allies in Middle East after Saudi attacks
U.S. President Donald Trump said on Monday the United States would help its allies despite U.S. energy independence, after Washington blamed Iran for an attack on Saudi Arabia that has closed 5% of global crude output.
Futures down after Saudi attacks spark rush for safety
U.S. stock index futures slipped on Monday after the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East.
Pompeo told Iraqi PM U.S. information affirms Saudi not attacked from Iraq: Baghdad statement
U.S. Secretary of State Mike Pompeo told Iraqi Prime Minister Adel Abdul Mahdi that the United States has information confirming Baghdad’s denial that Iraqi territory was used to launch an attack on Saudi oil facilities, Iraq said on Monday.
Apple takes fight against 13-billion-euro EU tax order to court
Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the EU’s crackdown on tax avoidance by multinational companies.
Oil surges 20% after Saudi attack, softens on stockpile hopes
Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom’s production.
UK PM Johnson stands in support of Saudi allies after oil attack
British Prime Minister Boris Johnson stands in support of his Saudi Arabian allies following an attack on its oil facilities which marked a “wanton violation of international law”, his spokesman said.
Austria’s AMS holds nearly 3% of shares in Germany’s Osram
Austrian sensor specialist AMS is actively buying Osram shares and currently holds a stake of almost 3% in the German lighting group, its chief executive said on Monday.
