Saudi Aramco has delayed the planned launch of its initial public offering "in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm," Reuters reports, citing two sources familiar with the matter.
Saudi Arabia’s deputy defense minister said on Thursday he discussed "regional security and military cooperation" with senior U.S. government officials, Reuters reports.
Secretary of State Mike Pompeo has called the recent attacks against Saudi oil facilities an "act of war" by Iran, and met Wednesday with Saudi Crown Prince Mohammed bin Salman in Jeddah.
Oil fell 2% toward $58 a barrel on Thursday, extending the previous session’s 3% drop, pressured by mounting recession in the United States and and a surprise boost in U.S. crude inventories, Reuters reports.
Millions of Hajj pilgrims began heading back to Mecca for final prayers on Tuesday as the world's largest annual pilgrimage went off without incident despite the logistical challenges and escalating regional tensions, Reuters reports.
Saudi Arabia Energy Minister Khalid Al-Falih met U.S. Energy Secretary Rick Perry on Tuesday in Washington and said both sides expressed concern over threats targeting freedom of maritime traffic in the Arabian Gulf.
