DUBAI — An attack on Saudi Arabia that shut 5 per cent of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate.
Oil prices surged by as much as 19 per cent before coming off peaks. The intraday jump was the biggest since the 1991 Gulf War. “The United States wholeheartedly condemns Iran’s attack on Saudi Arabia and we call on other nations to do the same,” he said in a speech to an annual meeting in Vienna of the U.N. nuclear watchdog IAEA. He added that he was confident the oil market “is resilient and will respond positively.”
U.S. officials say they believe that the attacks came from the opposite direction, possibly from Iran itself rather than Yemen, and may have involved cruise missiles. Wherever the attacks were launched, however, they believe Iran is to blame. ThreatsFor months Iranian officials have issued veiled threats, saying that if Tehran is blocked from exporting oil, other countries will not be able to do so either. However, Iran has denied any role in specific attacks, including bombings of tankers in the Gulf and previous strikes claimed by the Houthis.
U.S. allies in Europe oppose Trump’s strategy, arguing that it provides no clear mechanism to defuse tensions, creating a risk that the foes could stumble into war.
What, the drone serial number is written in Shiite? ridiculous
It actually makes more sense that the Americans did it as an excuse to point the finger at Iran. See the picture?
Trumpy needs his war, every other Prez had one
Financial post said it was 12 unmanned drones. Yemeni rebels are very very wealthy.
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U.S. blames Iran for Saudi oil attack, Trump says 'we are ... locked and loaded'Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an assault for which U.S. President Donald Trump warned that the U.S. was 'locked and loaded' to respond.
Source: CTVNews - 🏆 1. / 99 Read more »
Crude prices jump most on record in the single worst sudden disruption to the oil market everPresident Donald Trump aid the U.S. is ‘locked and loaded depending on verification’ that Iran staged the attack on an Aramco oil facility in Saudi Arabia on Saturday Trump has better listen to his advisors here. Iran would love nothing more than to have a couple of Yemini wedding parties blown up. According to the plan.... all other speculations didn’t work..... So much for reducing carbon emissions. What tonnage of GHG is actually being released from this fire?
Source: nationalpost - 🏆 10. / 80 Read more »
Iran dismisses U.S. allegation it was behind Saudi oil attacksIran has denied that it was involved in Yemen rebel drone attacks the previous day that hit the world's biggest oil processing facility and an oil field in Saudi Arabia. Iran will own the US when the Democrats get back in power. Biden will forget who Iran is Quit LIEING Iran 🇮🇷 or your days are numbered ! 👇 U.S. pointing fingers again? Wonder whos fingers were up whos arse to point.
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Attack on Saudi oil sites raises risks amid U.S.-Iran tensionIran has denied that it was involved in Yemen rebel drone attacks the previous day that hit the world's biggest oil processing facility and an oil field in Saudi Arabia. It's not serious !! As usual US close his eyes For a given quantity of `X'. How about “unprecented disruption & opportunity for Canadian energy?” 5% of global consumption taken offline & 🇨🇦 using 25% of our drill rig fleet for past 5 years can’t make up the lost barrels in our own county (east) let alone displace Saudi in global markets. 🤦♂️ insanity!
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Attacks on Saudi Arabia’s oil plants threaten U.S. gasoline price hikes, particularly in CaliforniaThe recent drone attacks may start a gasoline price hike across North America Good Of course Doug Ford will blame the federal carbon tax.
Source: globeandmail - 🏆 5. / 92 Read more »