Oil drops sharply as Saudi output seen returning soon after attacks

17 Septembre, 2019, 21:59 | Auteur: Anatole Charbonneau
  • Saudi to unveil'evidence linking Iran to attacks as US weighs response

Saudi Arabia's King Salman visited Beijing in 2017, and Saudi Crown Prince Mohammed bin Salman came to China earlier this year.

The premier, during the conversation with MBS, vowed to support Saudi Arabia against any terrorist attack and reiterated that Pakistan will stand by Saudi Arabia in case of any threat to the sanctity or security of the Arab nation.

China's Foreign Ministry maintained that it was irresponsible to blame anyone for an attack on Saudi Arabia's oil facilities without conclusive facts, striking a cautious note after the United States blamed Iran.

For its part, Iran rejected accusations of complicity and ruled out any possible diplomatic solution to the current impasse between the two countries.

Washington and Tehran have seen relations deteriorate since Trump unilaterally withdrew the United States from the Iran nuclear deal.

In a statement issued via the group's al-Masirah TV outlet on Monday, Houthi armed forces spokesperson Brigadier General Yahya Sare'e said such attacks will continue until the Saudi-led coalition fighting Houthi forces in Yemen withdraws.

The Cabinet said the attacks on an Aramco oil field and major crude processing facility threaten worldwide security and global energy supplies.

For its part, Iran only claimed one attack during this period, the shootdown of a US military surveillance drone it alleges entered its airspace on June 20.

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They said France was trying to pinpoint the origin of Saturday's strike on the oil infrastructure of the world's top crude exporter as it pursues diplomacy to defuse tensions across the Gulf region. Saudi Arabia, which has supported tougher US sanctions on Iran, said an initial investigation showed the strikes were carried out with Iranian weapons. But he added that he would wait to hear from Saudi Arabia about how the kingdom wants to proceed.

The U.S. alleges the pattern of destruction suggested Saturday's attack did not come from neighbouring Yemen, as claimed by the Houthis there.

Riyadh said it would meet customers' demand from its ample storage. Iran's leader has now ruled that out, saying Iran would only speak to the Americans if the US "backs off and repents, and implements the nuclear deal from which they have withdrawn".

Iranian Supreme Leader Ayatollah Seyyed Ali Khamenei says Iran "will hold no talks at any level with the US", blaming the Trump administration for requiring too many conditions.

"I'm not looking to get into new conflict, but sometimes you have to", Trump said.

According to the California Energy Commission, oil from Saudi Arabia accounted for 37 percent of California's foreign oil imports in 2018, the most of any foreign country.

One of the people said full repairs were still expected to last until at least the end of October and that the 70 per cent figure included utilising oil held in storage by the kingdom, rather than a swift resumption of such a high percentage of the lost output.

With Macron's diplomatic push at stake and the fate of the worldwide nuclear pact with Iran uncertain, France wants to compile an independent assessment of the attack, including the original launch location and the exact weapons used.


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