Oil price, gold spikes fizzle after Iran attack as escalation fears wane - Business Insider
Gold punched above $1,600 for the first time since 2013, and oil spiked. But the gains fizzled. "They've barely scratched the US," says an analyst.
UK says Iran was behind Saudi oil attack and it would consider joining a US-led military effort
"We think it very likely indeed that Iran was indeed responsible, using both drones and cruise missiles," Boris Johnson told reporters.
US, Saudis search for 'smoking gun' tying Iran to oil site attacks
The US and Saudi Arabia are looking for evidence proving Iranian culpability as the two countries weigh their responses to the debilitating attacks.
Pompeo inadvertently admitted the Iran crisis is a 'direct result' of Trump's actions
"There is a direct line you can draw from Trump's violation of the Iran deal and the risk of conflict today," one former US official told Insider.
China could be the biggest loser from the Saudi Arabia oil attack
An expert told Business Insider that China has been the largest buyer of Saudi oil since 2009 and could be most impacted by a halt to oil exports.
The US is building a case against Iran in the attacks on Saudi Arabia, but Trump is in no rush to act
The US is publicly and in leaks to the press making the case that Iran struck Saudi oil sites, but it remains unclear what the next step will be.
Saudi Aramco oil attack also hit world's biggest oil reserve capacity
Drones hit two key Saudi Aramco oil refineries, shutting down production on around 5% of the world's daily oil production and causing prices to surge.
Who is John Bolton？ Trump's National Security Adviser, just fired
Bolton's abrupt firing came after reports that he vocally disagreed with Trump's plan to host the Taliban for peace negotiations at Camp David.
Trump fires National Security Adviser John Bolton, saying he 'disagreed strongly with many of his suggestions'
President Donald Trump cited strong disagreements he had with National Security Adviser John Bolton's suggestions in announcing his dismissal.
Another Iranian rocket launch has ended in failure after it apparently blew up on the launch pad
Iran has tried three times this year to put a satellite into space, but each time, something has gone wrong with the rocket.
What is the Strait of Hormuz, how does it tie into Iran tensions？
The US blames Iran for two tanker explosions and a drone shooting near the Strait of Hormuz. Some 21 million barrels of oil pass through it every day.
Trump says a US warship destroyed an Iranian drone that flew dangerously close
President Donald Trump said Thursday that the USS Boxer shot down and "immediately destroyed" an Iranian drone near the Strait of Hormuz.
Russia is joining forces with Europe to rescue the Iran nuclear deal that Trump abandoned
Iran has been expressing frustration with the other parties who signed the 2015 deal at not helping Iran after the US-imposed sanctions.
What is the Strait of Hormuz, how does it tie into Iran tensions？
The US blames Iran for two tanker explosions and a drone shooting near the Strait of Hormuz. Some 21 million barrels of oil pass through it every day.
Iran says that US cyberattacks — said to be Trump's preferred retaliation — didn't work
Mohammad-Javad Azari Jahromi, an Iranian minister, said the US was devoting "a lot of effort" to attacking Iran, but was yet to achieve anything.
Iran says Trump warned them of imminent military strike: Reuters
President Donald Trump approved a plan to strike Iranian targets before dawn on Friday, but backed out on Thursday night, The New York Times reported.
The US is sending 1,000 more troops to the Middle East to confront Iran after the recent tanker attacks
In the wake of several attacks on commercial shipping, the Pentagon has decided it needs more troops on the ground in the Middle East to check Iran.
Iran says it will breach nuclear deal limits on its enriched uranium stockpile within 10 days
"We have quadrupled the rate of enrichment and even increased it more recently, so that in 10 days it will bypass the 300 kg limit," Iran said Monday.
Iran plans to breach 300kg uranium limit agreed in JCPOA nuclear deal
"We have quadrupled the rate of enrichment and even increased it more recently, so that in 10 days it will bypass the 300 kg limit," Iran said Monday.
Trump is stoking a crisis with Iran and, now Iran is calling his bluff
Some experts say Trump is ramping up tensions with Iran to squeezing them into capitulation, a high-risk strategy that shows little signs of working.
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