Turkish newspaper: Khashoggi recorded asking killers not to suffocate him
A Turkish newspaper says it has obtained audio recordings of the events leading up to the killing of Washington Post columnist Jamal Khashoggi, reporting that he asked his killers not to suffocate him in his final words.
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Drone attacks on two Saudi plants lead sharp rises in oil prices as Kingdom lost 50 per cent of production . (Source: Al-Arabiya via AP). Motorists are set to be punished at the pumps in the coming weeks as the fallout from the drone attacks on two oil plants in Saudi Arabia look likely to
Saudi Arabia suffered a drone strike at its Abqaiq crude oil processing facility over the weekend What Happened. The Abqaiq facility handles half of all Saudi Arabia's oil production and helps Around 5 million barrels per day will be impacted from the drone attack which represents around 5
Motorists are set to be punished at the pumps in the coming weeks as the fallout from the drone attacks on two oil plants in Saudi Arabia look likely to lead to a rise in fuel prices.
The two drone strikes took 5 per cent of the global crude supply off the market, and led to oil prices experiencing their sharpest single-day rise in history.
Ten drones attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, causing a loss of 5.7 million barrels of crude production a day or 50 per cent of the kingdom’s oil output.
While there is no official assessment of how long the attacks will disrupt production for, sources have told news agency Reuters that it could take months for the plants to return to normal levels of production.
Heathrow drone protesters 'blocked by signal jamming' as two arrested
Climate change protesters trying to fly drones to disrupt Heathrow Airport claim they have been blocked by "signal jamming" as two people were arrested on Friday. Heathrow Pause - a splinter of the Extinction Rebellion movement - has said it intends to fly the machines in the airport's 3.1-mile (5km) exclusion zone, potentially disrupting hundreds of flights. The Metropolitan Police confirmed two men were arrested in the early hours of Friday morning on suspicion of conspiracy to commit a public nuisance within the perimeter of Heathrow.
British motorists warned to expect increase in petrol prices after Saudi Arabia and Iran say recent Price of fuel at pumps fell to a three-year low, figures revealed last week
Tensions are running high in the region after attacks in June and July on oil tankers in Gulf waters that Riyadh and Washington blamed on Iran. Tehran denies the accusations. Iran-aligned Houthi fighters have also launched attacks over the border, hitting Shaybah oilfield with drones last month and two
Related: Trump: Iran likely hit oil fields
Some experts have predicted the attacks could lead to the oil price hitting $100 (£80) per barrel if the company cannot return to full production quickly.
“This is a big deal,” said Andrew Lipow, president of Lipow Oil Associates, adding this could translate to pump prices rising 5p per litre in the coming weeks.
Petrol station owners buy fuel weeks in advance, so any price rises are unlikely to have an immediate impact, but if the damage does take months to repair motorists are expected to see sharp price rises in the coming weeks.
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Immediately after the attacks, the Brent crude price per barrel rocketed 20 per cent, but later fell after US President Trump said the US would release some of its reserves to ease supply.
Drone Strikes Spark Fires at Saudi Oil Facilities
Drone strikes caused fires at two facilities of Saudi Arabia’s state oil company, marking the latest in a series of attacks on the country’s petroleum assets in recent months.
Petrol giants are slammed for using global oil market crisis as an excuse for hiking up prices and Price increases come after Saudi Arabia oil plant was attacked by drones A latest report shows wholesale unleaded prices climbed 4.6 cents last week ' Prices are resetting to a higher point given significant input cost increases following recent
Drone Strikes Spark Fires at Saudi Oil Facilities. Drone strikes caused fires at two facilities of Saudi Arabia’s state oil company, marking the latest in a series of attacks on the country’s petroleum assets in recent months.
Mr Trump has blamed Iran for the attacks, and Yeman’s Iran-backed Houthi rebels, who have been engaged in a long running conflict with the Saudi-backed Yemeni government, have claimed responsibility.
“If Abqaiq kills talks of easing sanctions [in Yeman] and the discussion turns to retaliation and escalation, I think oil could easily trade higher by $10 or more,” said Bob McNally, president at Rapidan Energy Group.”
Related: US-Iran tensions soar (Photos)
President Donald Trump speaks to the media before embarking on a West Coast swing from the South Lawn of the White House in Washington, on Sept. 16. Trump spoke about the attack on the Saudi oil facilities, saying it 'looks like' Iran is responsible for the attack.
A picture taken on Sept. 15 shows an Aramco oil facility near al-Khurj area, in Saudi Arabia. Saudi Arabia raced today to restart operations at oil plants hit by drone attacks which slashed its production by half, as Iran dismissed US claims it was behind the assault.
Smoke is seen following a fire at an Aramco factory in Abqaiq, Saudi Arabia, on Sept. 14.
Iranian President Hassan Rouhani speaks during the cabinet meeting in Tehran, Iran, on Sept. 11.
Newspapers are pictured in Tehran, on Sept. 5.
Iranian President Hassan Rouhani speaks at a session of parliament to debate his proposed tourism and education ministers, in Tehran, on Sept. 3.
The domestically built mobile missile defence system Bavar-373 is displayed on the National Defence Industry Day in Tehran, Iran, on Aug. 22.
In this photo, President Hassan Rouhani speaks during a ceremony to unveil the Iran-made Bavar-373, a long-range surface-to-air missile system at an undisclosed location in Iran, on Aug. 22. Rouhani struck a muscular tone on dealings with the U.S., saying that "talks are useless" as Tehran's nuclear deal with world powers crumbles further.
Iran says it's ready for war with US after Saudi oil attack accusations
Iran has dismissed US accusations it was behind drone attacks on Saudi Arabia's oil plants, and warned it is ready for a "full-fledged" war. Iranian foreign ministry spokesman Abbas Mousavi said Washington had adopted a "maximum pressure" strategy against Iran, but because of "it's failure [the US] is leaning toward maximum lies". His remarks came as a senior commander in Iran's Revolutionary Guards said America's military bases and aircraft carriers, which are stationed up to 1,243 miles around Iran, were within range of Iranian missiles.
Oil prices skyrocket after Saudi attack . Motorists have been warned to “hope for the best but brace for the worst” after a drone attack knocked out half of Saudi Arabia’s oil production .
Prices may remain elevated after Saudi officials downplayed prospects for a rapid recovery of production capacity. Saudi Aramco faces weeks or months before most output from its giant Abqaiq crude-processing complex is restored, according to people familiar with matter.
A boat of the Iranian Revolutionary Guard sails near to Stena Impero, a British-flagged vessel owned by Stena Bulk, at undisclosed place in Bandar Abbas port, Iran, on Aug. 22.
A crew member checks the new name of Iranian oil tanker Adrian Darya, formerly known as Grace 1, off the coast of Gibraltar on Aug. 18. Gibraltar rejected a US demand to seize the Iranian oil tanker at the centre of a diplomatic dispute as it prepared to leave the British overseas territory after weeks of detention.
An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on Aug. 18.
A stern view of the Grace 1 super tanker in the British territory of Gibraltar, on Aug. 15, seized last month in a British Royal Navy operation off Gibraltar. The United States moved on Thursday, August 15 to halt the release of the Iranian supertanker Grace 1, detained in Gibraltar for breaching EU sanctions on oil shipments to Syria, thwarting efforts by authorities in London and the British overseas territory to defuse tensions with Tehran.
Gibraltar police officers sail in the area where Iranian oil tanker Grace 1 sits anchored on Aug. 13.
Marines with the Maritime Raid Force, 11th Marine Expeditionary Unit (MEU) climb a caving ladder to board the amphibious transport dock ship USS John P. Murtha (LPD 26) during a visit, board, search and seizure training exercise in the Gulf, in this undated handout picture released by U.S. Navy on July 25.
A Marine with the Maritime Raid Force, 11th Marine Expeditionary Unit (MEU) holds a tactical assault ladder during a visit, board, search and seizure exercise in the Gulf, in this undated handout picture released by U.S. Navy on July 25.
Iranian forces seized a ship, which it suspected of carrying smuggled fuel, state media reported on Aug. 4, marking the Revolutionary Guard's third seizure of a vessel in recent weeks and the latest show of strength by the paramilitary force amid a spike in regional tensions.
Iranian Foreign Minister Mohammad Javad Zarif speaks at a press conference in Tehran, Iran, on Aug. 5. Zarif lambasted recent U.S. financial sanctions against him, calling the move a "failure" for diplomacy amid escalating tensions in the Persian Gulf.
Iranian President Hassan Rouhani delivers a speech regarding the inclusion of Iranian Foreign Minister Javad Zarif in U.S. sanctions, as he attends a ceremony in Tabriz, Iran on Aug. 1.
White House National Security Advisor John Bolton walks out of the White House West Wing on July 31, in Washington, DC. Earlier in the day the Treasury Department announced the U.S. imposes sanctions on Iran's foreign minister.
Iran's Permanent Representative to the United Nations Kazem Gharib Abadi is pictured during a meeting of the Board of Governors of the International Atomic Energy Agency in Vienna, on Aug. 1.
The European Union's political director Helga Schmid and Iran's deputy Foreign Minister Abbas Araghchi, from left, wait for a bilateral meeting as part of the closed-door nuclear talks with Iran at a hotel in Vienna, Austria, Sunday, July 28.
Saudi attack: Iran denies involvement, rips US 'maximum deceit'
Yemen's Iranian-backed Houthi rebels said they launched drones that struck the Saudi Arabian oil installations Saturday, disrupting crude oil output.
Investing.com - Oil prices rose on Tuesday after reports of a drone attack on two pumping stations on one of Saudi Arabia's most important export pipelines. Investing.com contributor Ellen Wald noted that the pipeline transports about 5 million barrels per day to Yanbu from fields in eastern Saudi Arabia.
Following recent drone and cruise missile attacks on Saudi Arabian oil facilities, British motorists were hit with a reactive 5p increase in petrol prices . The statement from Saudi Arabia, combined with major oil storage facilities operated by Saudi 's Aramco, meant the impact on exports was nominal.
An aerial view shows a speedboat of Iran's Revolutionary Guard moving around the British-flagged oil tanker Stena Impero which was seized in the Strait of Hormuz on Friday by the Guard, in the Iranian port of Bandar Abbas.
Global stock markets were subdued Monday while the price of oil climbed as tensions in the Persian Gulf escalated after Iran's seizure of a British oil tanker on Friday.
In this photo released by state-run IRIB News Agency, which aired on July 22, shows various crew members of the British-flagged tanker Stena Impero, that was seized by Tehran in the Strait of Hormuz on Friday, during a meeting.
In this photo released by state-run IRIB News Agency, which aired on Monday, July 22, shows members of the crew of the British-flagged tanker Stena Impero that was seized by Tehran in the Strait of Hormuz on Friday.
Deena with her husband Pappachan T V, parents of Dijo Pappachan, one of the crew members of British-flagged vessel owned by Stena Bulk, seized by Iran, cries as she watches television news at their home in Kochi, India, July 21.
Chief of the Defence Staff General Sir Nick Carter arriving at the Cabinet Office in Whitehall, central London, to attend a meeting, chaired by Prime Minister Theresa May of the Government's emergency committee Cobra after Iran seized a British-flagged oil tanker in the Persian Gulf.
An Iranian Revolutionary Guard member walks onboard of Stena Impero, a British-flagged vessel owned by Stena Bulk, in Bandar Abbas port, Iran July 21.
A speedboat of the Iran's Revolutionary Guard moves around a British-flagged oil tanker Stena Impero, which was seized on Friday by the Guard, in the Iranian port of Bandar Abbas, on July 21. Iran warned Sunday that the fate of a UK-flagged tanker it seized in the Gulf depends on an investigation, as Britain said it was considering options in response to the standoff.
Drone used to deliver insulin to Aran Islands
A home-delivery service with a difference has seen a drone transport diabetes medication to the Aran Islands for the first time. In just 15 minutes the drone flew from Na Mine airport on Connemara to the air strip on Inis Mór. NUI Galway is leading the research project, which is the brainchild of Prof Derek O’Keeffe, a consultant endocrinologist . Two years ago he noticed that due to flooding caused by Hurricane Ophelia his diabetes patients were unable to make it into his clinic. The same happened after Storm Emma, when people were snowed in.
A picture taken on July 21, 2019, shows Iranian Revolutionary Guards patrolling around the British-flagged tanker Stena Impero as it's anchored off the Iranian port city of Bandar Abbas, on July 21.
Britain's Foreign Secretary Jeremy Hunt leaves 10 Downing Street on July 20, following a meeting held over British oil tanker Stena Impero which was captured in Iranian waters whilst en route to Saudi Arabia.
A video grab made available by Iranian state television's English-language service, Press TV reportedly shows the footage released by Iranian revolutionary guard (IRGC) from its drone which shows US navy ships in the Strait of Hormuz, 18 July 2019 (issued 19 July 2019). The release comes after the US said on 18 July that the USS Boxer had shot down an Iranian drone. Iran denies US shot down drone in Strait of Hormuz.
Iranian Foreign Minister Javad Zarif greets United Nations (U.N.) Secretary-General Antonio Guterres at U.N. Headquarters in New York, July 18.
Undated handout photo issued by Stena Bulk of the British oil tanker Stena Impero which is believed to have been captured in Iranian waters whilst en route to Saudi Arabia. Owner Stena Bulk has confirmed that the tanker was approached by unidentified small crafts and a helicopter whilst in international waters in the Strait of Hormuz and they are unable to contact the vessel which is now heading north towards Iran.
Trump Says Iran Appears Responsible for Saudi Attack but That He Wants to Avoid War
President Trump said Monday that Iran appeared to be responsible for the weekend attack on Saudi Arabian oil facilities.
The route taken by the British oil tanker Stena Impero which is believed to have been captured in Iranian waters while en route to Saudi Arabia.
An MV-22 Osprey aircraft takes off on the deck of the USS Boxer (LHD-4) in the Arabian Sea off Oman, on July 17.
Iranian Foreign Minister Javad Zarif speaks as he attends a high-level political forum on sustainable development on July 17, at the UN Headquarters in New York.
This undated photo provided by Iranian state television's English-language service, Press TV, shows the Panamanian-flagged oil tanker MT Riah surrounded by Iranian Revolutionary Guard vessels.
An MV-22 Osprey aircraft lands on the deck of USS Abraham Lincoln the Gulf of Oman near the Strait of Hormuz, on July 15.
U.S. Representative Seth Moulton (D-MA) speaks in favor of inclusion of House Amendment #270 to the National Defense Authorization Act (NDAA), aimed at preventing war with Iran, at the Capitol in Washington, DC, on July 10.
A warship belonging to the British Navy, allegedly sent to the Strait of Hormuz, is seen passing through the Bosphorus in Istanbul, Turkey, on July 12.
Supertanker Grace 1 off the coast of Gibraltar on July 6. Iran demanded on July 5 that Britain immediately release the tanker it had detained, accusing it of acting at the bidding of the United States. Authorities in Gibraltar, a British overseas territory on Spain's southern tip at the western entrance to the Mediterranean, said they suspected the tanker was carrying crude oil to Syria in violation of EU sanctions.
British soldiers are seen during an operation involving the oil supertanker Grace 1.
Oil supertanker Grace 1 is seen in waters of the British overseas territory of Gibraltar, historically claimed by Spain, on July 4.
(L to R) Iran's Atomic Energy Organization spokesman Behrouz Kamalvandi, government spokesman Ali Rabiei, and Deputy Foreign Minister Abbas Araghchi give a joint press conference at the presidential headquarters in Tehran on July 7. Iran said it would begin enriching uranium beyond a 3.67 percent cap set by a landmark nuclear deal "in a few hours", the Islamic republic's atomic energy organisation spokesman Behrouz Kamalvandi said on July 7.
Billions spent on U.S. weapons didn’t protect Saudi Arabia’s most critical oil sites from a crippling attack
Russian leader Vladimir Putin has mocked the kingdom, suggesting it should have bought Russia's S-400 missile-defense system instead.
A British Royal Navy ship (L) patrols near supertanker Grace 1 suspected of carrying crude oil to Syria in violation of EU sanctions after it was detained off the coast of Gibraltar on July 4. Iran demanded on July 5, that Britain immediately release the tanker, accusing it of acting at the bidding of the United States.
Aircraft maneuver into position for an Independence Day air power demonstration on the flight deck of the USS Abraham Lincoln in the Arabian Sea on July 4. The USS Abraham Lincoln was rushed to the Mideast amid tensions between the U.S. and Iran as its 2015 nuclear deal with world powers unravels.
Acting U.S. Ambassador to the United Nations Jonathan Cohen addresses the U.N. Security Council briefing on implementation of the resolution that endorsed the Iran nuclear deal at the United Nations headquarters in New York, June 26.
Iran's Ambassador to the United Nations (UN) Majid Takht Ravanchi delivers a speech during the U.N. Security Council on implementation of the resolution that endorsed the Iran nuclear deal at the United Nations headquarters on June 26.
A U.S. Air Force (USAF) pilot from the 4th Expeditionary Fighter Squadron enters the cockpit of an F-35A Lightning II before Exercise Tri-Lightning, at Al Dhafra Air Base, United Arab Emirates, June 25.
Iranian president Hassan Rouhani speaks during the cabinet meeting in Tehran, on June 26. Iran's Foreign Ministry spokesman, Abbas Mousavi, said in a tweet that the newly announced sanctions meant that the channel of diplomacy has been closed forever.
Iranian President Hassan Rouhani speaks in a meeting with the Health Ministry officials, in Tehran, Iran on June 25. Iran on Tuesday sharply criticized new U.S. sanctions targeting the Islamic Republic's supreme leader and other top officials.
President Donald Trump displays an executive order imposing fresh sanctions on Iran in the Oval Office of the White House, on June 24.
US National Security Advisor John Bolton (R) speaks next to Israeli Prime Minister Benjamin Netanyahu (L) and Nikolai Patrushev (C), Russian Secretary of the Security Council, during a press conference of the trilateral meeting of the US, Russian and Israeli national security advisers in Jerusalem, Israel on June 25. The meeting is a first-ever trilateral summit between the Russian, Israeli and American national security advisers with Nikolai Patrushev Russian Secretary of the Security Council, Meir Ben Shabbat, Israeli Security adviser and John Bolton, US National Security Advisor. the trilateral summit talks focuses on Iran, Syria and regional issues.
US Secretary of State Mike Pompeo (L) meets with Mohamed ben Zayed Al-Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in Abu Dhabi, UAE on June 24. The United States, Britain, Saudi Arabia and the United Arab Emirates have jointly called for "diplomatic solutions" to ease soaring tensions with Iran.
Seated under a portrait of the Saudi monarch, US Secretary of State Mike Pompeo (L) meets with Saudi Arabia's Crown Prince Mohammed bin Salman at Al Salam Palace in the Red Sea port of Jeddah on June 24. - Pompeo arrived Monday in Saudi Arabia for talks on coordinating with the close ally amid mounting tensions with Iran.
Iranian Judiciary chief Ebrahim Rais (C) attends a meeting with foreign ambassadors in Iran in the Islamic republic's capital Tehran on June 24. - Iran denied the same day it was hit by a US cyber attack as Washington was due to tighten sanctions on Tehran in a standoff sparked by the US withdrawal from a nuclear deal.
President Donald Trump walks off Marine One at the White House after spending the weekend at Camp David on June 23, in Washington, DC. President Donald Trump warned the United States may launch a devastating military attack on Iran unless it comes to the negotiating table and drops its bid to develop nuclear weapons.
Protesters gather in front of the White House to speak out against a possible war with Iran on June 23, in Washington, DC. U.S. President Donald Trump said he almost launched a retaliatory strike after it was alleged that Iran shot down an unmanned U.S. drone last week, in a tweet he said he called off the attack after learning the number of potential casualties.
President Donald Trump speaks during a meeting with Canadian Prime Minister Justin Trudeau on June 20 in Washington. Trump declared that "Iran made a very big mistake" in shooting down a U.S. drone but suggested it was an accident rather than a strategic error.
General Amir Ali Hajizadeh, Iran's Head of the Revolutionary Guard's aerospace division, speaks to media next to debris from a downed US drone reportedly recovered within Iran's territorial waters and put on display by the Revolutionary Guard in the capital Tehran on June 21.
Protesters hold signs spelling out, "No War," outside the White House, on June 20 in Washington, after President Trump tweeted that "Iran made a very big mistake" by shooting down a US surveillance drone over the Strait of Hormuz in Iran.
A still image from surveillance video provided by the U.S. military shows what they say is a drone being shot down over the Strait of Hormuz on June 20.
U.S. Air Force maintainers prepare a military drone RQ-4A Global Hawk for takeoff at an undisclosed location in Southwest Asia. Picture taken on Dec. 2, 2010.
Iran's Supreme Leader Ayatollah Ali Khamenei is seen near a "3 Khordad" system which was allegedly been used to shoot down a U.S. military drone, according to news agency Fars, in this undated handout picture.
Journalists take pictures of a magnet the U.S. Navy says came from a limpet mine that didn't explode on a Japanese-owned oil tanker at a 5th Fleet base, during a trip organized by the Navy for journalists, near Fujairah, United Arab Emirates, on June 19.
A picture taken during a guided tour by the US Navy (NAVCENT) shows the Japanese oil tanker Kokuka Courageous off the port of the Gulf emirate of Fujairah on June 19.
This image released by the U.S. Department of Defense on June 17, and taken from a U.S. Navy helicopter, shows what the Navy says are members of the Islamic Revolutionary Guard Corps Navy removing an unexploded limpet mine from the M/T Kokuka Courageous.
Crew members of the Kokuka Courageous oil tanker receive medical attention from military personnel aboard missile destroyer USS Bainbridge, at sea, June 13.
U.S. Secretary of State Mike Pompeo speaks from the State Department briefing room on June 13, in Washington, DC. Pompeo said, "It is the assessment of the U.S. government that Iran is responsible for today's attacks in the Gulf of Oman. These attacks are a threat to international peace and security, a blatant assault on the freedom of navigation, and an unacceptable escalation of tension by Iran."
This picture, obtained by AFP from Iranian News Agency ISNA on June 13, reportedly shows fire and smoke billowing from a tanker said to have been attacked in the waters of the Gulf of Oman.
Iranian President Hassan Rouhani (L) shakes hands with Japanese Prime Minister Shinzo Abe, during a welcoming ceremony at the Saadabad Palace in the capital Tehran on June 12. Abe arrived in Tehran on June 12 for a rare diplomatic mission, hoping to defuse tensions between the Islamic republic and Tokyo's ally Washington.
Secretary of State Mike Pompeo speaks during a media briefing at the State Department June 10, in Washington, D.C. Secretary Pompeo discussed topics including the latest development on tension with Iran.
This undated photograph from the United Arab Emirates' Mission to the United Nations released Thursday, June 6, shows a diver investigating the damage done to the Saudi-owned oil tanker Al Marzoqah off the coast of Fujairah, United Arab Emirates. A joint statement released Thursday by Saudi Arabia, the UAE and Norway said the damage done to the four oil tankers off the UAE likely came from limpet mines placed by a "state actor" amid U.S. and Saudi allegations Iran carried out the sabotage. Iran has denied being involved amid heightened tensions between Tehran and Washington.
The USS Abraham Lincoln carrier and a U.S. Air Force B-52H Stratofortress, conduct joint exercises in the U.S. Central Command area of responsibility in Arabian sea on June 1.
President Trump talks to journalists as he departs the White House for a campaign rally in Pennsylvania on May 20 in Washington, DC. On his way to Montoursville, Pennsylvania, Trump said that Iran does not currently pose a direct threat to the United States.
Foreign Secretary Dominic Raab has called the attacks “despicable”, but was cautious about whether the UK could take part in any military response.
He told Sky News: “The attack on the Aramco installations was a wanton violation of international law. It’s despicable. We stand firmly in support of our Saudi partners and the other international players and countries in the region.
Raab says it was “not entirely clear who is responsible”, but he hopes to get a “very clear picture” shortly.
Global economic downturn
There have also been warnings that the attacks could spark a global economic downturn. © Provided by Johnston Publishing Ltd
Ranko Berich, head of market analysis at Monex Europe, said: “The weekend’s attacks in Saudi Arabia will have two consequences for financial markets and the global economy: the immediate oil price shock, which has already hit, and the longer-term costs of increased tensions or even a possible outbreak of conflict in the Persian Gulf.
“The size of the initial shock to oil prices was immense. Spot prices have surged by amounts unprecedented since the 1990 Iraq invasion of Kuwait, while Brent crude oil futures recorded their largest intraday surge since trading began in 1988, although since then the initial knee jerk surge has been pared back.”
Craig Erlam, senior market analyst at trading firm OANDA, added: “The attack was as severe as it was unexpected but that’s not the worst thing about it. Saudi Arabia believes a significant proportion of the outages can be back online in a few days while Trump also approved release of supplies from the Strategic Petroleum Reserve to ensure the market remains well surprised.
“None of this should make us feel relaxed about the potential for further attacks though and the longer-term implications on the oil market. Spikes in oil prices when the global economy is already flirting with the idea of recession is not ideal and, if repeated and sustained, could ultimately be what tips us over the edge.”
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Billions spent on U.S. weapons didn’t protect Saudi Arabia’s most critical oil sites from a crippling attack.
Russian leader Vladimir Putin has mocked the kingdom, suggesting it should have bought Russia's S-400 missile-defense system instead.