The heads of JPMorgan Chase and the asset management giants BlackRock and Blackstone Group dropped out of the conference amid reports that Saudi agents killed dissident journalist and Washington Post contributor Jamal Khashoggi. "The report is intended, per CNN, to absolve the Saudi government of responsibility for the murder by claiming the operation was not cleared", the new report said.
So far it still remains unclear how Trump would "punish" the kingdom economically over the journalist's disappearance, but major figures in the US Congress, such as Florida Senator Marco Rubio, have suggested halting arms sales to Saudi Arabia.
The comments marked a break from the Trump administration's strenuous refusal to speculate over what happened to Khashoggi and came as the United States president is under growing pressure to take action on the case of the Saudi writer, who was a contributor to The Washington Post and wrote columns critical of Saudi Crown Prince Mohammed bin Salman.
He was last seen entering the Saudi consulate on October 2.
Saudi Arabia's Energy Minister Khalid al-Falih said on Monday at a conference in New Delhi that the kingdom is committed to meeting India's rising oil demand and is the "shock absorber" for supply disruptions in the oil market.
The person said Prince Mohammed had approved an interrogation or rendition of Mr. Khashoggi back to Saudi Arabia.
"Something this big would definitely spook investors, and Saudi just opened up for foreign direct investment, so that was big", said Issam Kassabieh, a financial analyst at Dubai-based firm Menacorp Finance.
Speaking to reporters after a phone call with King Salman, Mr Trump said the Saudi leader had firmly denied knowing what had happened to Mr Khashoggi.
Trump sent Pompeo to meet with the Saudi king in Riyadh on Monday and said Pompeo may travel to Turkey as well.
Pelosi then questioned whether Trump put personal profit ahead of country in the case of Khashoggi - whom the Saudis are reportedly about to admit was killed in a botched interrogation.
The club already have a connection with the oil-rich Gulf state after announcing a strategic partnership with Saudi Arabia's General Sports Authority past year.
"We're going to get to the bottom of it and there will be severe punishment", he added.
"I don't think he should go", Rubio, a member of the Senate Foreign Relations Committee, told CNN's "State of the Union". Ford Motor Executive Chairman Bill Ford won't attend because of a scheduling conflict, a spokeswoman said.