Saudi Arabia
Associated Press/Photo by Ebrahim Noroozi (file)

Iran stokes tensions over Saudi oil attack

by Onize Ohikere
Posted 9/19/19, 12:40 pm

Iran’s foreign minister on Wednesday warned of “all-out war” if Saudi Arabia retaliates for Saturday’s attack on its oil infrastructure. Iran denied involvement in the drone strikes, which temporarily halved Saudi oil production rates. Mohammad Javad Zarif told CNN that Iran “won’t blink to defend our territory” if it faces any military confrontation. President Donald Trump said Tuesday that U.S. intelligence has reason to believe Iran was behind the attack. United Nations Secretary-General António Guterres said an international team of experts was headed to Saudi Arabia to investigate.

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Associated Press/Photo by Ahn Young-joon

U.S., Saudi Arabia promise to tap oil reserves, if needed

by Rachel Lynn Aldrich
Posted 9/17/19, 11:18 am

Oil prices eased back down on Tuesday as Saudi Arabia worked to restore one of its major processing plants. Global prices spiked Monday by 15 percent after armed drones targeted key oil facilities in the kingdom over the weekend. The attack halted more than half of the country’s daily exports, but Saudi Arabia and the United States have said they could release oil from their reserves as needed to manage prices. Oil prices had fallen by about 5 percent on Tuesday morning.

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Associated Press/Planet Labs Inc

Oil prices jump after attack in Saudi Arabia

by Onize Ohikere
Posted 9/16/19, 12:12 pm

President Donald Trump on Monday said the United States is “locked and loaded” to respond to the bombings of two Saudi energy facilities. The drone attacks on Saturday hit a major oil processing plant in Abqaiq, Saudi Arabia, halving the kingdom’s oil production rates. Yemen’s Iran-backed Houthi rebels claimed responsibility, but satellite imagery showed the drones came from either Iran or Iraq.

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