Global energy prices spiked today (Sept. 16) after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an assault for which President Donald Trump warned that the U.S. was “locked and loaded” to respond.
The Associated Press reported that U.S. officials offered satellite images of the damage at the heart of the kingdom’s crucial Abqaiq oil processing plant and a key oil field, alleging the pattern of destruction suggested the attack on Saturday (Sept. 14) came either from Iraq or Iran — rather than Yemen, as claimed by Iranian-backed Houthi rebels there.
Iran for its part called the U.S. allegations “maximum lies.”
The Houthis today warned of more attacks on Saudi oil facilities and urged foreign companies doing business in the kingdom to stay away from its energy sites. Yahia Sarie, a rebel spokesman, said facilities such as the Abqaiq oil processing plant and the oil field hit this weekend could again “be targeted at any time.”
For the full story click here.