Displaying 30+ Stories
Allow Ads
CBNNews.com

Middle East Escalation: Iran's 'Unprecedented Attack' on World’s Energy Supply

09-15-2019
6086444921001
Saudi_Arabia_Look_Live_for_web_HD1080_0.3_58
Satellite image from Planet Labs Inc. shows thick black smoke rising from Saudi Aramco's Abqaiq oil processing facility in Buqyaq, Saudi Arabia (Planet Labs Inc via AP)
Satellite image from Planet Labs Inc. shows thick black smoke rising from Saudi Aramco's Abqaiq oil processing facility in Buqyaq, Saudi Arabia (Planet Labs Inc via AP)

RIYADH, Saudi Arabia - The attack on Saudi Arabia's largest oil processing facility represents a major escalation in the battle between Iran, Saudi Arabia and the US.

Also, it has a direct attack on world oil supplies, global markets and the life blood of Saudi Arabia and follows Iranian attacks on shipping in the Gulf.

The local paper is blaming the Houthis, the Iranian backed proxy that's been fighting a war with Saudi Arabia since 2015.

US Secretary of State Mike Pompeo is laying direct blame on Iran. Pompeo tweeted, "We call on all nations to publicly and unequivocally condemn Iran's attacks."

There is some speculation that it might have been a cruise missile from Iran or Iraq.

The attack represents the potential for direct conflict between Iran, Saudi Arabia and the US.

CNBC reports that President Trump authorized release of oil from the US strategic petroleum reserve and that oil would be released if needed to keep up the supply.

Response from the US and Saudi Arabia will go a long way in determining the short and long term future of the Middle East. 

News Articles