Following an attack on Saudi Arabia that shut 5% of global crude output and triggered the biggest surge in oil prices since 1991, U.S. energy secretary says oil market robust 'despite Iran's malign efforts.' More:
Iran has dismissed as “unacceptable” U.S. accusations that Tehran was responsible.
“There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!” Trump said on Twitter on Sunday. While Iran has denied blame for the attacks, its Yemeni allies have promised more strikes to come. Houthi military spokesman Yahya Sarea said the group carried out Saturday’s pre-dawn attack with drones, including some powered by jet engines.
U.S. officials say they believe that the attacks came from the opposite direction, possibly from Iran itself rather than Yemen, and may have involved cruise missiles. Wherever the attacks were launched, however, they believe Iran is to blame. Tension in the oil-producing Gulf region has dramatically escalated this year after Trump imposed severe U.S. sanctions on Iran aimed at halting its oil exports altogether.For months, Iranian officials have issued veiled threats, saying that if Tehran is blocked from exporting oil, other countries will not be able to do so either.
Britain - Washington’s close ally but wary of its hardline Iran policy - stopped short of ascribing blame but described the assault as a “wanton violation of international law”.
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