Terror attacks at Saudi Arabia’s oil pumping stations; Oil prices on rise

Drone attacks on two Saudi Arabia’s oil pumping stations near Riyadh resulted with sharp rise in oil prices Tuesday morning – $71.39 a barrel.

According to Saudi Energy Minister Khalid al-Falih it is an act of terrorism and the drones were bomb-laden, but the oil production was not interrupted.

State oil company Saudi Aramco confirmed supplies to Europe have not been affected.

State news agency SPA described the minister’s saying that the act of terrorism has targeted the Kingdom as well as the world oil supplies.

Yemeni Houthi-run television channel Masirah TV announced seven drones were launched on Saudi Arabia’s installations.

The group is supported by Iran and the attacks resulted with the country’s Tadawul stock index dropped by 3.8 percent.

Falih added, *These attacks prove again that it is important for us to face terrorist entities, including the Houthi militias in Yemen that are backed by Iran.*

US Secretary of State Mike Pompeo cited real threats are coming from Iran and all options are on table if Tehran makes a bad decision.

Lately Tehran announced if Europe fails in protecting US sanctions, it would return to higher levels of uranium enrichment.

Paul Linus