But neither the Saudis nor the US is buying it, and now, each side is inching closer and closer to war. The strikes hit the Abqaiq processing facility, the largest crude processing plant in the world, and the Khurais oil field, which is said to produce more than 1 million barrels of crude oil a day, the Associated Press reports.
Trump also authorized the use of the U.S. emergency oil stockpile to ensure stable supplies after the attack, which shut 5% of world production and sent crude prices soaring more than 19% in early trade on Monday, before moderating to show a 10% gain. These uprisings across the Arab world caused political instability throughout the region. Iran has denied the charges from the start, responding with fury to the accusation and going as far as to threaten US bases with missile strikes. Trump’s tweets came after a White House National Security Council meeting that included Pompeo as well as Vice President Mike Pence and Defense Secretary Mark Esper. South Carolina Sen. Lindsey Graham, a Republican, called for an attack on Iranian oil refineries. A source close to the matter told Reuters the return to full oil capacity could take “weeks, not days”.
U.S. gasoline and heating oil prices were up by more than 8% and 7% respectively, according to the AP. While the US and others have backed Saudi Arabia, there are concerns that it is bogged down in Yemen and that its allies like the UAE also want a way out.
According to Colonel Malki, the direction of the attack and the precision impact all suggested Iran was responsible for the strikes. Our Standards: The Thomson Reuters Trust Principles.
Iran wasn’t the first country to play the war card.
The United States will work with our partners and allies to ensure that energy markets remain well supplied and Iran is held accountable for its aggression,” Pompeo wrote. The spokesman for the presidency of state security said in a statement on state media that three of those arrested had been trained in Iran while the rest were “linked to the cell in various roles”. This way, Iran can “kill two birds with one stone” and, at the same time, avenge the assassination of Qassim Soleimani in Iraq by the United States. Iran said it had nothing to do with the attack on a Saudi Arabia oilfield.
Saudi oil facilities have been hit by similar strikes in recent weeks, but previous attacks didn’t cause as much damage. In a pair of tweets on Sunday, U.S. Secretary of State Michael Pompeo blamed Iran for the attacks, writing that there is “no evidence” that the drones came from Yemen. By signing up you are agreeing to our, Muslim Pilgrims Return to Mecca After Saudi Arabia Eases Coronavirus Restrictions, Where China Stands on the U.S. Presidential Election, Sign up to receive the top stories you need to know now on politics, health and more, © 2020 TIME USA, LLC.
Here's What to Know. RIYADH (Reuters) - Saudi Arabia said on Monday it had taken down a terrorist cell this month that had received training from Iran’s Revolutionary Guards, arresting 10 people and seizing weapons and explosives. Saudi Arabia says it intercepted ballistic missiles. The Saudi coalition spokesman has said the attack was a deliberate and systematic operation. Colonel Malki said 18 UAVs had been fired at the Abqaiq oil facility and seven cruise missiles launched at both targets.
The US has made similar allegations, going so far as to say the attack may have been launched from Iran itself or nearby Iraq, where Iran has powerful proxy militias on the ground. But Trump appeared on Sunday to play down the chances he might be willing to meet with Iranian officials, saying reports he would do so without conditions were not accurate.
All Rights Reserved. Saudi Arabian officials say they’ve unveiled evidence that proves Iranian involvement in air strike attacks on two oil facilities last weekend. “The Saudis were the nation that was attacked. Use of this site constitutes acceptance of our, 'Locked and Loaded,' the U.S. Blames Iran for a Drone Attack Against Saudi Arabia.
The attack came after Trump said a meeting with Iranian President Hassan Rouhani was possible at the U.N. General Assembly in New York this month. Instead, he claims the country’s reserves would likely dry up after a week if there was a major disruption to supply. Sacha Baron Cohen: We Must Save Democracy From Conspiracies, A New Study Confirms Remdesivir's Effectiveness as a Coronavirus Treatment, Here Are the Favorites to Win the 2020 Nobel Peace Prize, You can unsubscribe at any time. Telephone: *2421 * Extension 4 Jerusalem Post or 03-7619056 Fax: 03-5613699E-mail: subs@jpost.com
This coalition must also deal with concerns about Libya and other regional problems.
Riyadh said it would compensate for the damage at its facilities by drawing on its stocks, which stood at 188 million barrels in June, according to official data. The Saudi alliance has air supremacy but has come under scrutiny over civilian deaths and a humanitarian crisis that has left millions facing starvation. It makes economic sense, but it’s not very resilient,” he said.
Concerned that …
“I think US credibility would be on the line if they didn’t respond. Four struck the Khurais oilfield and the other three came close to Abqaiq. Last Saturday, Saudi Arabia’s Abqaiq plant and Khurais oilfield were attacked by air strikes.
It may feel like we’re far-removed from this feud, but there’s one big problem — Australia’s onshore oil and petrol reserves are incredibly low.
The figures represent the number of days Australia’s stocks would last under “normal use”, but don’t take into account “fuel that is already in or on the way to fuel stations or products in tanker ships on their way to Australia”, the report says. Those price increases may eventually trickle down into the cost of gasoline for cars and other vehicles. Since Iran holds Saudi Arabia responsible for the peace agreements between Israel and the Gulf states, U.S. interests and military bases in Saudi Arabia may become a target for attack. The current phase of the conflict began in 2011 when the Arab Spring (Islamic Awakening) a revolutionary wave across the Middle East and North Africa, leading to revolutions in Tunisia, Egypt, and Yemen, and the outbreak of civil war in Libya and Syria.
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