Congressional and administration officials tell CNN Osama bin Laden is dead. He was reportedly killed in Afghanistan.
John King reports he has been killed by a U.S. asset based on “actionable U.S. intelligence.” CNN reports he was in a mansion outside of Islamabad, Pakistan.
AP says it was a CIA operation and the United States has his body.
UPDATE: This is, unsurprisingly, the lead story in Politico’s Morning Energy, which offers these implications for energy:
THE DEATH OF BIN LADEN “” The world is still absorbing President Barack Obama’s announcement Sunday night that the 10-year manhunt for Al Qaeda’s mastermind has ended with Osama bin Laden dead and his body in U.S. custody.
Among many unknowns are questions of how this will affect the struggle against terrorism and the war in Afghanistan, U.S. relations with the Muslim world (including nuclear-armed Pakistan) and the inevitable spillover into domestic politics, including energy policy….
IMMEDIATE ENERGY EFFECTS “” At the very least, bin Laden’s death knocks the gas-price debate from the top spot in the news cycle, shifting public attention to foreign policy and national security.
WHEN THE DUST SETTLES “” When gas prices return to the spotlight, expect refocused congressional and public attention on energy security and the geopolitics of Middle Eastern oil.
QUESTIONS MOVING FORWARD “” The price for oil futures fell during trading on Asian markets immediately after Sunday’s announcement, as some traders perhaps gambled that bin Laden’s death would eventually increase stability among oil exporters and lower global prices, Dow Jones reports. http://on.wsj.com/kGqy1h
The long-term effect of bin Laden’s demise on energy markets remains a matter of speculation.
If his death sparks widespread unrest among Al Qaeda sympathizers in Saudi Arabia and other petroleum-producing nations across the Islamic world, it could disrupt production, shorten supplies and raise prices. Anticipating potential unrest, the State Department has put U.S. diplomatic facilities on high alert and issued a global travel warning for U.S. citizens.