Bloomberg Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend. Futures rose 1.2% in New York, reversing the previous day’s drop. Unidentified dro-nes attacked two pumping st-ations belonging to Saudi Ara- mco, forcing the state oil company to suspend operations in the …

Bloomberg The US prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade. The US Trade Representative’s office released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, …

Bloomberg Bitcoin strengthened past $8,000 for the first time in about 10 months on Tuesday, crossing another milestone as cryptocurrencies continued their scorching rally. The largest digital token climbed as much as 3.8% before trading at $8,096 in London, according to Bloomberg composite pricing. Tuesday’s advance follows a 25% surge a day earlier — the biggest one-day increase for Bitcoin …