16 septembrie 2019

The Drone Attack on Oil and the Larger Iran Problem


When a series of drones were used to attack a key Saudi oil facility over the weekend, the impact on oil production was noted by global markets. Oil prices spiked as the attack was believed to impact more than half of Saudi Arabia’s daily exports.Yemen’s Houthi rebels claimed responsibility, but U.S. Secretary of State Mike Pompeo placed the blame squarely on Tehran as the rest of the world awaits further evidence. Iran has denied it is behind the attack.As further evidence is sought, the [...]