Business > U.S.

After Saudi Oil Attack, Trump Pledges Help for Middle East Allies

1 month ago   |   By Fortune

President Donald Trump promised to help allies following attacks on major Saudi Arabian oil facilities, even though he said the U.S. is no longer directly reliant on Middle Eastern oil and gas and has few tankers there.
“We are a net Energy Exporter,” Trump tweeted Monday morning. “We don't need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!”
Brent oil posted its biggest ever intraday jump Monday to more than $71 a barrel. It pared some gains, though both Brent and West Texas crude were still trading about 10% higher as news of the devastating...
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Trump suggests Iran responsible for Saudi oil attack

Trump suggests Iran responsible for Saudi oil attack

1 month ago   |   By Politico

President Donald Trump on Monday hinted at potential new evidence that could prove Iran was behind a series of drone attacks in Saudia Arabia that struck the heart of its oil production, pointing to prior controversies that he said cast doubt on Iran's denials. “Remember when Iran shot down a drone, saying knowingly that it was in their 'airspace' when, in fact, it was nowhere close,” he asked in a tweet, referring to Iran's downing of an unmanned U.S. aircraft three months ago. “They stuck strongly to that story knowing that it was a very big lie. Now they say that they had nothing to do...
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Houthi Forces in Yemen Warn of More Attacks on Saudi Oil Systems

Houthi Forces in Yemen Warn of More Attacks on Saudi Oil Systems

1 month ago   |   By NY Times

American officials have blamed Iran for the attacks on Saturday that slashed Saudi production, but the Houthi faction, allied with Iran, claimed responsibility.
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Trump officials claim that satellite imagery and the direction of the Saudi oil field attack prove that Iran was to blame

1 month ago   |   By Business Insider

US officials have revealed evidence that they claim indicates likely Iranian responsibility for Saturday's attack on two major oil fields in eastern Saudi Arabia.
President Donald Trump on Sunday said that the US is "locked and loaded" in response to the attack, though he declined to name Iran as the culprit.
US secretary of state Mike Pompeo blamed Iran for the attack on Saturday, despite Houthi rebels in Yemen claiming responsibility.
Visit Business Insider's homepage for more stories .
Trump administration officials have claimed that intelligence assessments indicate that Iran was...
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A new ruling bars border agents from searching travelers' phones or laptops...

A new ruling bars border agents from searching travelers' phones or laptops for no reason, and privacy advocates are calling it a major victory

The Department of Homeland Security's practice of searching people's phones and computers at border crossings without reasonable suspicion is unconstitutional, a federal judge... Read more ...

McDonald's Is Sued Over 'Systemic Sexual Harassment' Of Female Workers

McDonald's Is Sued Over 'Systemic Sexual Harassment' Of Female Workers

A former employee has filed a class-action lawsuit against McDonald's and one Michigan franchise, alleging a "culture of sexual harassment." (Image credit: Joshua Lott/AFP via... Read more ...

Trump slams Federal Reserve during speech before Economic Club of New York

Trump slams Federal Reserve during speech before Economic Club of New York

Trump said his administration had worked to bolster the economy despite what he said were too many interest rate hikes by the Federal Reserve. Read more ...

Trump wants to fire the intelligence watchdog who told Congress about the...

Trump wants to fire the intelligence watchdog who told Congress about the whistleblower's complaint

President Donald Trump has repeatedly discussed the possibility of firing Michael Atkinson, the intelligence community inspector general, The New York Times reported . Atkinson... Read more ...

Juul is laying off 650 workers and plans to cut spending by $1 billion as it...

Juul is laying off 650 workers and plans to cut spending by $1 billion as it braces for a hit to sales after pulling popular flavors

Juul is laying off around 650 workers and plans to cut costs by $1 billion in 2020, according to a new report from The Wall Street Journal . A spokesperson for the company told... Read more ...

McDonald's worker says a manager pinned her against a wall in a freezer and...

McDonald's worker says a manager pinned her against a wall in a freezer and assaulted her as part of $5 million class-action lawsuit

McDonald's workers and labor groups on Tuesday filed a class-action lawsuit seeking at least $5 million in damages over claims that the company has failed to address a... Read more ...

Facebook's new payment service will let you send money without fees across...

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ESPN reporters including Adam Schefter and Adrian Wojnarowski promote Disney...

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Stephen Miller shared white nationalist links with a Breitbart editor in...

Stephen Miller shared white nationalist links with a Breitbart editor in 2015, newly released leaked emails show

A trove of emails leaked to the Southern Poverty Law Center showed White House senior adviser Stephen Miller exchanging white nationalist links and ideas with former Breitbart... Read more ...

Workers at Britain's financial regulator are reportedly pooping on the...

Workers at Britain's financial regulator are reportedly pooping on the floor, according to a leaked memo

Workers at Britain's financial regulator have been scolded for pooping on the floor and verbally abusing security, according to an internal memo seen by the Evening... Read more ...