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Saudi Arabia says oil facility attacks target world supplies
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Saudi shuts major oil pipeline after Huthi drone attacks
Drone attacks claimed by Iran-aligned Yemen rebels shut down one of Saudi Arabia's major oil pipelines Tuesday, further ratcheting up Gulf tensions after the mysterious sabotage of several tankers. Washington and Tehran played down tensions after trading barbs as the Americans sent an aircraft carrier group and nuclear-capable B-52 bombers to the region to counter alleged threats from Saudi arch-rival Iran. 'We fundamentally do not seek a war with Iran,' Secretary of State Mike Pompeo said at a joint news conference with Russian Foreign Minister Sergei Lavrov in Sochi.
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Attacking Gulf oil routes exposes alternatives to Hormuz
Attacks on Saudi and UAE oil assets built to bypass the Strait of Hormuz, a strategically important waterway in the Gulf, have raised fears that alternative routes could be vulnerable. Four ships including two Saudi oil tankers were damaged in mysterious sabotage attacks Sunday off Fujairah, an emirate located at the crucial entrance to the Gulf. Iran has repeatedly threatened to prevent shipping in Hormuz in case of a military confrontation with the United States, which has imposed sanctions on Tehran in recent months.
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Iran 'almost certainly' behind ship attacks off UAE: Bolton
US National Security Advisor John Bolton said Wednesday Iran was 'almost certainly' behind attacks on ships off the United Arab Emirates earlier this month. The four ships, including two Saudi tankers, were attacked by 'naval mines almost certainly from Iran', Bolton told a press conference in the UAE capital Abu Dhabi. US experts are part of a five-nation team that is investigating the May 12 attacks that damaged the four vessels in the Sea of Oman off the UAE emirate of Fujairah.
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Oil producers meet to discuss output amid Iran tension
Major crude producers are set to meet Sunday to discuss how to stabilise a volatile oil market amid rising US-Iran tensions in the Gulf, which threaten to disrupt supply. Key OPEC members and other major suppliers including Russia will assess the oil market and examine compliance to production cuts agreed late last year. It comes days after sabotage attacks against tankers in highly sensitive Gulf waters and the bombing of a Saudi pipeline by Iran-aligned Yemen rebels.
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Saudi Arabia says oil facility attacks target world supplies
Saudi Arabia, the world's top crude exporter, said Wednesday that attacks on two of its tankers and a major pipeline targeted the security of global oil supplies. Drone attacks claimed by Iran-aligned Yemeni rebels shut down one of the kingdom's main oil pipelines on Tuesday, further ratcheting up Gulf tensions after the mysterious sabotage of four ships, two of them Saudi tankers, on Sunday. 'The cabinet affirms that these acts of terrorism and sabotage ... do not only target the kingdom but also the security of world oil supplies and the global economy,' it said after a meeting chaired by King Salman in the Red Sea city of Jeddah on Tuesday evening.
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