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Oil falls 1 percent on fears Mideast rift could harm OPEC cuts
Oil prices fell nearly 1 percent on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain closed transport links with top liquefied natural gas (LNG) and condensate shipper Qatar, accusing it of supporting extremism and undermining regional stability. With production capacity of about 600,000 barrels per day (bpd), Qatar's crude output ranks as one of the smallest among the Organization of the Petroleum Exporting Countries, but tension within the cartel could weaken the supply deal aimed at supporting prices.
Kabul to host peace summit after week of deadly violence
Kabul will host a multinational peace conference on Afghanistan Tuesday, as the capital reels from a wave of bombings and clashes last week that left more than 100 people dead and hundreds wounded. Much of Kabul remains on lockdown ahead of the conference, labelled the "Kabul Process", with tighter than usual security including more armed checkpoints and armoured vehicles patrolling the streets. "The Kabul Process is meant to reach a consensus with the region and the world for peace in Afghanistan," said presidential spokesman Shah Hussain Murtazawi.
Arab powers sever ties with Qatar, citing support for militants
By Noah Browning DUBAI (Reuters) - The Arab world's biggest powers cut ties with Qatar on Monday over alleged support for Islamists and Iran, reopening a festering wound two weeks after U.S. President Donald Trump's demand for Muslim states to fight terrorism. Saudi Arabia, Egypt, United Arab Emirates and Bahrain severed diplomatic relations with Qatar in a coordinated move. Qatar, a small peninsular nation of 2.5 million people, denounced the action as predicated on lies about it supporting militants.
Source: 2 arrested in Oakland warehouse fire that killed 36
OAKLAND, Calif. (AP) — A man who illegally rented out space in an Oakland, California, warehouse that caught fire and killed 36 people has been arrested and will be charged with involuntary manslaughter along with an organizer of a party at the site, a source close to the investigation told The Associated Press on Monday.
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