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U.S. President Donald Trump on Monday questioned Iran's claim that it had nothing to do with weekend attacks on a giant oil plant in Saudi Arabia that have cut off 5% of global crude output.

South Korea's LG Display Co Ltd on Monday said it has named LG Chem President Jeong Ho-young as its new chief executive officer.

Attacks on two sites at the heart of Saudi Arabia's oil industry shut down more than 5% of global supply, sent oil prices as much as 20% higher and prompted the United States to blame Iran despite Tehran's denials.

The European Union is urging the United States to hold off trade sanctions and seek an agreement on aircraft industry subsidies, but Washington has shown no sign it wants to talk, EU trade chief Cecilia Malmstrom said on Monday.

Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters on Monday.

Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the 1990-1991 Gulf crisis, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom's production.

Shares in Atlantia fell sharply on Monday ahead of a board meeting of its top investor Edizione, which a source said was expected to discuss allegations of falsified safety reports at the group's road operations.

While upgrading both stocks, HSBC made the unusual move of lowering its price targets for the companies.

Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fueled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets.

Iraq said on Monday it had been told by the United States that Washington did not suspect an attack on Saudi Arabia had been launched from Iraqi territory.

An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.

Russia on Monday urged countries in the Middle East and outside the region not to draw "hasty conclusions" on who staged the attacks on Saudi oil facilities.

In the past few weeks, the S&P 500 has waged a 6% rally, pulling within 1% of its late-July record high by Friday's close.

The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate from Yemen according to preliminary findings.

Saudi Arabia officials are discussing delaying Aramco's initial public offering as attacks on the company's oil facilities have drastically reduced their output, the Wall Street Journal reported on Monday, citing people familiar with the matter.