DRONE attacks have sparked a massive blaze at the world's biggest oil processing plant in Saudi Arabia amid heightened tensions stemming from the Iranian tanker attacks.
The Khurais oilfield produces around one per cent of the world's oil and Abqaiq is the largest facility and can produce seven per cent of the global supply. May 8: Iran vows to enrich its uranium stockpile if world powers fail to negotiate new terms for its nuclear deal. The US responds by imposing sanctions on Iran's metals industry.
May 12: The UAE says four commercial ships off its eastern coast "were subjected to sabotage operations," just hours after Iranian and Lebanese media outlets air false reports of explosions at a nearby Emirati port. Now the coalition launches air strikes almost every day, while the Houthis often fire missiles into Saudi Arabia.Saudi Arabia and the US both blamed Iran for attacks in the Gulf on two oil tankers in June and July.
In January 2015, Houthi rebels - Shiite Muslims backed by Iran - seized control of the much of the country including the capital Sana'a.
An added advantage to the OPEC states.
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