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OIL PRICE CRISIS: Prices SKYROCKET as Saudi Arabia threatens fightback against sanctions

OIL prices have jumped today as rising tensions between the US and Saudi Arabia over the disappearance of Washington Post contributor Jamal Khashoggi sparked supply worries. Saudi Arabia has been under pressure since Mr Khashoggi, a critic of Riyadh and a US resident, disappeared on October 2 after visiting the Saudi consulate in Istanbul.

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Pound LIVE: GBP Sterling DOWN against euro today after ‘intense’ Brexit talks COLLAPSE

THE pound has stumbled against the euro over the weekend and into this morning following “intense” Brexit talks in which “key issues” remain unsolved between the UK and European Union. Brexit Secretary Dominic Raab and EU chief negotiator Michel Barnier met for an unscheduled meeting last night ahead of a crunch EU leaders’ summit this week.

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