Ford Motor Head Cancels Trip to Riyadh in Wake of Khashoggi Disappearance

Jamal Khashoggi'Murder Fallout Crude Oil Surges by 2% as Saudi Arabia Warns Retaliation to Possible US Sanctions

Jamal Khashoggi'Murder Fallout Crude Oil Surges by 2% as Saudi Arabia Warns Retaliation to Possible US Sanctions

The market clawed back a little, but closed 3.5% down for the day.

But the row has intensified with the Washington Post reporting that Turkish officials have recordings made from inside the building that allegedly prove their claims Khashoggi was tortured and killed at the consulate. The kingdom has called the allegations "baseless" but has offered no evidence the writer left the consulate.

Sen. Bob Corker, R-Tenn., who as chairman of the Senate Foreign Relations Committee has reviewed the US intelligence into what happened to Khashoggi, has said, "The likelihood is he was killed on the day he walked into the consulate".

"We're going to get to the bottom of it and there will be severe punishment", he told CBS News.

"They are ordering military equipment", Trump said. Could it be them?

Salah Shamma, head of investment for the region at Franklin Templeton Emerging Markets Equity, a big global fund manager, noted that the fundamental situation of the Saudi economy had not so far been affected.

The Saudi conference is part of Crown Prince Mohammed bin Salman's effort to modernize the kingdom's economy and diversify it away from oil.

"One of the strong things that we can do is not only stop military sales, not only put sanctions on Saudi Arabia, but most importantly, get out of this awful, bad war in Yemen led by the Saudis", he said.

Trump said that he had invited Khashoggi's fiancee, Hatice Cengiz, to visit him at the White House and that his staff was working out arrangements with her.

The government of Saudi Arabia on Sunday vowed to retaliate with "greater action" if the Trump administration follows through on punishing that country for its alleged involvement in the apparent murder of a dissident earlier this month, Fox News reported.

Mr Khashoggi was once an adviser to the Saudi royal family, but fell sharply out of favour with the Saudi government and went into self-imposed exile.

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.

Turkish TV has already broadcast CCTV footage of the moment Mr Khashoggi walked into the consulate for an appointment at which he was due to receive papers for his forthcoming marriage to Ms Cengiz.

The Saudi delegation, whose composition was not immediately clear, is expected to meet with Turkish officials in Ankara at the weekend, state media said on Friday.

Those policies are all seen as initiatives of the crown prince, who has also presided over a roundup of activists and businessmen.

"If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure", Turki Aldakhil wrote.

The possible murder of Khashoggi, a U.S. permanent resident in self-imposed exile who had written critically against the Saudi monarchy, has generated a far stronger worldwide backlash against the kingdom than the ongoing Saudi-led war in Yemen, which has caused widespread starvation in the already impoverished Arab country.

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