Saturday’s attack on Saudi oil facilities has disrupted Saudi refinery production. Aramco is trying to make orders for its oil deliveries. Saudi Arabia is said to have been forced to buy low-sulfur diesel. The extent of the damage to the Saudi oil facilities is still unclear. Some experts believe it could take several months to rebuild and repair the damage caused by the attack on the refinery. The question in the global energy markets is currently about Saudi Arabia’s ability to carry out oil orders and refinery products.
US Secretary of Energy Rick Perry accused Iran of involvement in a drone attack on Saudi oil facilities at the International Atomic Energy Agency’s annual meeting in Vienna. He called the attacks “an attack on the global economy and the global energy market.”
Oil prices rose at the beginning of this week, on the back of the attack on Saudi Aramco facilities. Brent crude futures reached $71.95 a barrel, the largest percentage gain since the start of the Gulf War in 1991. Saturday’s attacks stopped production equivalent to 5% of global oil supplies.
Donald Trump, in his first response to Saturday’s attack on Saudi oil facilities that have seriously disrupted oil production, said the United States is ready to take military action if suspicions are confirmed. Houthi Yemeni insurgents fighting the Saudi-led coalition have claimed responsibility for the attack, but the US says the attacks were the work of Iran.
Though President Trump did not openly state whom he believes is the perpetrator of the heinous attack on the Saudi Arabia oil plants, his top diplomat, Mike Pompeo, has since Saturday asserted that the attack was carried out from Iran, and not Yemen, as the world was initially made to believe. Trump tweeted Sunday he was “locked and loaded depending on verification.”
The Organization of Islamic Cooperation (OIC) has categorically rejected the plans of Israeli Prime Minister Benjamin Netanyahu to annex a portion of the West Bank. In an emergency meeting held by the OIC in Jeddah at the weekend, OIC member states expressed strong rejection and condemnation of the Israeli PM’s declaration.
Saudi Arabia cut oil and gas production following drone strikes on its two main oil facilities, which are run by state-owned company Saudi Aramco. Energy Minister Prince Abdulaziz bin Salman said the attack had reduced crude oil production by 5.7 million barrels per day— about half of royal production.
Iranian Revolutionary Guard Commander Amir Ali Hajizadeh has said that US bases and aircraft carriers are within Iran’s missile range. This was in reaction to Washington accusing Iran of carrying out a drone attack on a Saudi Aramco oil plant.
Saudi Arabia’s state-run media reports that the country’s largest oil company, Aramco, has caught fire after drone strikes in two major oil installations. Another drone strike also set fire to the Khurais oil field on the west side. However, the Saudi Press Agency says the fire has now been controlled in both installations.
Government forces have now managed to re-enter the strategic port three weeks after leaving Aden. According to the latest news from Yemen, Aden Airport is under the control of government forces. The government forces succeeded in seizing the airport and other areas of the Aden port from separatist forces in southern Yemen, German news agencies reported Wednesday quoting Yemen’s security circles. Yemeni separatists in the southern part of Yemen have surrendered after fierce clashes.
The majority of all global conflicts are connected to oil. The map below provides the current oil resources available globally. The power of the Black Gold and greed has been overriding human lives for close to 100 years. The first large scale demand for petroleum was documented in the 1880s due to kerosene been derived from petroleum.
Former Sudanese President Omar Hassan al-Bashir, who had been in power for nearly thirty years, appeared in court in Khartoum, the capital, on charges of corruption and killing. A Sudanese prosecutor said in June that millions of dollars of foreign currency were found in sandbags at Mr. Bashir’s home. He faces other charges. Mr. Bashir’s lawyers dismiss the charges against him as unfounded.
Iran and Turkey have criticized India’s policy of ending the autonomy of the two states, Jammu and Kashmir. Many Muslim countries, however, have been more cautious about recent developments in Kashmir. Mohammad Hussein Bagheri, Iranian Armed Forces chief of staff, expressed concern over the situation in Kashmir and said in a telephone conversation with his Pakistani counterpart that a military approach to the Kashmir crisis could increase complexity throughout the region. Bagheri has called on the Indian government to respect the rights of Muslim residents of the two states.
News agencies reported on Sunday about Yemeni’s separatists beginning to backslide from positions seized from Abdul Mansourhadi’s government in Aden. The UAE-backed separatists seized control of key Aden government centers in a days-long war. Yemeni’s Southern Transitional Council (separatists) began withdrawing from the seats it had withdrawn from government control.
The Houthis attacked with drones Abha International Airport in southwest Saudi Arabia, Ansar Allah movement’s armed forces spokesman said. Houthi forces spokesman Yahya Saree said the attack targeted a fuel depot and an airport control tower. The attack was quickly carried out by a number of deadly drones.
US Secretary of State Mike Pompeo and Saudi Crown Prince Mohammed bin Salman have discussed the tensions in the Gulf region, and the US Department of Transportation has warned of possible disruption to commercial navigation in the region. The US State Department spokesman said the phone call “underscored the escalating tension in the region and the need for greater security for shipping lines to safeguard freedom of commercial navigation.”
US forces are deployed in Saudi Arabia to defend US interests in the face of “serious emerging threats,” the Pentagon said. The move comes amid growing tension with Iran over the safety of shipping lines in the Gulf. Saudi King Salman bin Abdul Aziz has agreed to “host US forces to enhance security and stability in the region,” according to the Saudi Press Agency.
Today following the world news can be seen in a world at unrest. In these countries especially is apparent World Unrest:
Khazakhstan – The world’s largest land locked country and the ninth largest in the world with an area of 2,724,900 square kilometers. It is a democratic secular republic with a diverse heritage. After the elections resulting in the overwhelming victory of interim president Toqaev began wave of protests against the lack of fairness in the elections.