Oil prices firmed Monday morning as questions surrounding the disappearance of the Saudi journalist Jamal Khashoggi had traders pricing in the possibility sanctions would be imposed against Saudi Arabia.
On Sunday, JP Morgan Chase & Co said Chief Executive Jamie Dimon has canceled plans to attend the Saudi Arabian investor conference later this month.
Salman denied "any knowledge of whatever may have happened" to Khashoggi and told him the Saudis are working closely with Turkey on the case, Trump wrote. "It sounded to me like maybe these could have been rogue killers".
The president provided no evidence to back his comment.
The paper cited "reliable sources in a special intelligence department" as saying that Khashoggi is believed to have turned on the recording feature on the phone before entering the consulate.
Trump added he was "immediately" sending Secretary of State Mike Pompeo to Riyadh "to meet with the king" for talks on the crisis.
Turkish officials say they believe he was murdered there and his body removed, in a case that has provoked an worldwide outcry.
Police officers carrying files and equipment walked through the heavy metal doors of the consulate after sunset, carrying out an extraordinary search of a diplomatic post that is otherwise considered foreign soil under global law, as worldwide concern grows for the missing Washington Post columnist.
President Trump last week mentioned the "severe punishment" option during an interview with "60 Minutes" and the statement apparently came in response to it.
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Turkish and Saudi authorities have now been told to launch a "credible investigation" into Mr Khashoggi's disappearance.
Rubio said U.S. -Saudi relations may need to be "completely revised" and stressed the U.S. would lose credibility on human rights if the Trump administration remained silent.
Kristian Coates Ulrichsen, a fellow for the Middle East at Rice University's Baker Institute for Public Policy, warned that the reputational cost of doing business in Saudi Arabia could spike in the wake of Khashoggi's disappearance.
Investigators have been arriving at the building in Istanbul - first a Saudi team followed by Turkish forensic police.
"It is expected that examinations will be carried out this afternoon", the source said.
A group of cleaners was seen entering earlier.
Japanese SoftBank's shares also took a dive on Monday, falling by almost seven percent over fears for its major financial ties with Saudi Arabia.
Turkey rejected that offer.
Turkish officers wanted to take in solvents to detect traces of blood, while the Saudis wanted a more limited search.
Khashoggi, a Washington Post contributor and USA permanent resident whose writings have been critical of powerful Saudi Crown Prince Mohammed bin Salman, has been missing since entering the country's consulate in Istanbul on Oct 2.