DUBAI: An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was"locked and loaded" to hit back.
Two sources briefed on state oil company Saudi Aramco's operations told Reuters it might take months for Saudi oil production to return to normal. Earlier estimates had suggested it could take weeks.A Saudi-led military alliance battling the Houthis said the attack on Saudi oil plants was done with Iranian weapons and was not launched from Yemen, according to preliminary findings.
Iran rejected U.S. accusations that it was responsible. "These allegations are condemned as unacceptable and entirely baseless," Foreign Ministry spokesman Abbas Mousavi said in remarks carried by state TV. Traders spoke of a long-term price rise as markets absorb the proof that global supply can hit so hard in a single strike."There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!" Trump said on Twitter on Sunday.
"We assure the Saudi regime that our long arm can reach any place we choose and at the time of our choosing," Sarea tweeted."We warn companies and foreigners against being near the plants that we struck because they are still in our sights." Appearing to sense a commercial opening, President Vladimir Putin said Russia was ready to help Saudi Arabia by providing Russian-made air defense systems, which he said would protect any Saudi infrastructure.
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