Donald Trump says America & # 39; locked up and loaded & # 39; is while waiting for confirmation that Iran was behind drone attacks on Saudi oil fields.
The president tweeted Sunday evening: & The oil supply in Saudi Arabia was attacked. There is reason to believe that we know the perpetrator, are locked and loaded depending on verification, but wait to hear from the Kingdom about who they think was the cause of this attack, and under what conditions we would continue! & # 39;
Trump then added: & # 39; PLENTY OF OIL! & # 39;
His Sunday evening came an hour after he confirmed that he had given permission to release reserve oil to stabilize to stabilize prices.
Petrol prices will rise after devastating drone attacks on two oil refineries in Saudi Arabia caused shock waves on the world market.
Analysts fear that the attacks – which increased tensions in the region after the US blamed Iran – could increase the price of crude oil by $ 10 per barrel.
A barrel is currently trading for just over $ 60, but traders warned that this could rise to $ 100 if Saudi Arabia did not address the impact on supplies in the coming weeks, meaning that motorists would see a much higher price increase on forecourts .
A swarm of up to ten hi-tech drones fired missiles at & # 39; the world's largest refinery, Abqaiq, and a huge oil field, Khurais, early on Saturday. The incident triggered the word war between Washington and Tehran
The attack in the kingdom, & # 39; the world's largest oil exporter, immediately destroyed half of its production of 10 million barrels per day – experts said it would take "weeks" to recover.
A swarm of up to ten hi-tech drones fired missiles at & # 39; the world's largest refinery, Abqaiq, and a huge oil field, Khurais, early on Saturday.
The incident triggered the word war between Washington and Tehran at a time when Donald Trump seemed to soften his attitude toward Iran.
A barrel is currently trading at just over $ 60, but traders warned that this could rise to $ 100 if Saudi Arabia does not address the impact on supplies in the coming weeks
Houthi rebels in Yemen – where a civil war was raging since they partially reversed the government supported by Saudi Arabs – demanded responsibility for the damage at the Aramco facilities.
But US Secretary of State Mike Pompeo said there is & # 39; no evidence & # 39; was for the claim. He involved Iran, waging a proxy war in Yemen by financing the Houthi rebels in their conflict with the old regime, supported by an international coalition led by the Saudis.
"In the midst of calls for de-escalation, Iran has now launched an unprecedented attack on the world's energy supply," he said.
The toxic "proxy" war of Tehran
A civil war has been raging in Yemen for five years, killing thousands of people and suffering millions of hunger.
The conflict has been labeled as a "proxy" war in which Saudi Arabia and Iran support the opposing parties.
It has its roots in the Arab Spring of 2011, when an uprising forced the old authoritarian president of Yemen to hand over power to his deputy, Abdrabbuh Mansour Hadi.
This transition was supposed to bring stability to one of the poorest countries in the Middle East, but the new president was struggling to maintain order.
The widespread fight began in 2014 when the Houthi rebels occupied large parts of the territory, forcing Mr. Hadi into exile.
The tribal militias of the Houthi – which belong to the Shiite branch of Islam – are supported by Iran, the only major Shiite force in the Middle East.
The conflict escalated in 2015 when Saudi Arabia and eight other Sunni Arab states, which supported Mr. Hadi, launched devastating air strikes against the Houthis. The coalition is supported by the UK, the US and France.
Iranian Foreign Ministry spokesman rejected the comments as "blind and meaningless comments."
He added: "The Americans have adopted the & # 39; maximum pressure & # 39; policy against Iran that, due to failure, tends to & # 39; maximum lies & # 39;. & # 39;
Amirali Hajizadeh, the head of the Revolutionary Guards Corps Aerospace Force, warned that the Islamic Republic was ready for a "full-fledged" war.
"Everyone needs to know that all US bases and their aircraft carriers at a distance of up to 2,000 km (1,250 miles) around Iran are within reach of our rockets," he added.
Saudi Arabia's crown prince Mohammed bin Salman sparked concerns about a large-scale conflict by saying that he was "willing and able to confront and deal with this terrorist aggression." But experts said the Saudis did not want an open conflict with Iran.
The full effect of Saturday's attacks will become clear today when the oil markets reopen.
Andrew Lipow, president of the American consulting firm Lipow Oil Associates, said: "This is a big problem. I fear the worst and expect the market to open $ 5 to $ 10 a barrel. & # 39;
International energy expert professor Nick Butler added: "If retaliation becomes a reality, any peak (in prices) can be maintained."
Luke Bosdet of the AA said that the slightly stronger pound and greater oil production in the US had limited the impact of recent disruptions on the world market.
But he warned that drivers could still see that forecourts were using a "mini-rise" in wholesale costs to raise pump prices.
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