Iran-Aligned: Controls Capital and Plant

iran-aligned: The Iran-aligned Houthi movement that controls Yemen's capital claimed responsibility for the attack, which damaged the world's biggest crude oil processing plant, according to Nine News Australia. Iran denied blame and said it was ready for full-fledged war . Two sources briefed on the operations of state oil company Saudi Aramco told Reuters it may take months for Saudi oil production to return to normal. To improve your experience update it here News World Saudi attack prompts oil price surge By AAP7 42pm Sep 16, 2019Facebook Tweet Mail An attack on Saudi Arabia that shut 5 per cent of global crude output caused the biggest surge in oil prices since 1991, after US officials blamed Iran and President Donald Trump said Washington was locked and loaded to retaliate. Earlier estimates had suggested it could take weeks. The intraday jump was the biggest since the 1991 Iraqi invasion of Kuwait that prompted the Gulf War. Oil prices surged by as much as 19 per cent before coming off peaks. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.