Ruble plunges for 2nd day following USA sanctions

Bloomberg’s Kevin Cirilli reports on the White House response to Syria so far

President Trump denounced "fake news" about chaos in his administration Wednesday, even as he attacked Special Counsel Robert Mueller, telegraphed a military strike on Syria, and threatened Russian Federation if it seeks to shoot down US missiles. "We support serious approaches".

Oil prices began to climb on Trump's warning over Syria, then rallied further on a report that Saudi Arabia's air defence forces intercepted a missile over Riyadh, the capital. Or perhaps even worse given that Trump isn't publicly laying out a broad strategy of how to solve the problems surrounding Syrian President Bashar al-Assad but rather previewing actual missile launches?

The diplomat's remarks follow Russia's veto of a US draft Security Council resolution calling for an independent investigation to establish with certainty whether Syria used poison gas against civilians in Douma, a rebel-held suburb of Damascus, last week.

"You shouldn't be partners with a Gas Killing Animal who kills his people and enjoys it!"

Gold spiked to session highs after President Donald Trump warned Russian Federation to "Get ready". He also said a clash "should be ruled out and therefore we are ready to hold negotiations".

"There's general nervousness about what might happen with any strikes and the potential escalation of tensions with Russian Federation", said Anwiti Bahuguna, senior portfolio manager at Columbia Threadneedle Investments in Boston.

"(Deripaska) is one of the major shareholders in Norilsk, so I think there has been a bit of speculative buying", ICBC Standard Bank analyst Tom Kendall said.

As a presidential candidate, Donald Trump chided the Obama administration for talking too much about when and where it would attack the Islamic State in Iraq, ruining the element of surprise.

In a story headed "Jersey in Trump's sights amid oligarch crackdown", the Jersey Evening Post reports that the US Treasury had applied "strict penalties", including a freeze on assets and a ban on dealing with American citizens, against seven Russian oligarchs, 12 companies they owned or controlled, and 17 senior government officials.

Recalling her words a day earlier where she said the world "must see justice done" following Saturday's chemical attack on Douma, Haley said the countries that supported the us resolution couldn't let another such attack occur without a response.

Vladimir Shamanov, a retired general who heads the defense affairs committee in the lower house of parliament, said in televised remarks Tuesday that a US strike in Syria could hurt Russian servicemen and trigger retaliation.

The sanctions, announced on Friday, target officials and businesspeople around President Vladimir Putin in an aggressive response to alleged Russian meddling in the 2016 USA election.

This image shows a medical worker giving toddlers oxygen through respirators following an alleged poison gas attack in the opposition-held town of Douma, in eastern Ghouta, near Damascus, Syria, Sunday, April 8, 2018. Twelve of the 15-member U.N. Security Council voted in favor of the resolution.

The Eurocontrol airspace organization said that the European Aviation Safety Agency had sent a "Rapid Alert Notification" that flight operators needed to consider the possibility of air or missile strikes into Syria.

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