The barrel of oil exceeds $ 71, driven by the repercussions of the attack on Saudi oil facilities
English - Tuesday 17 September 2019 الساعة 09:45 am
Aden – NewsYemen.net
Oil prices rose on Monday by 20 percent to $ 71.95 a barrel, the highest level recorded in a day since 1991, driven by an attack on Saudi oil facilities last Saturday, production cut 5.7 million barrels, half of the kingdom's production, or five percent of global oil supplies.
A series of attacks have been carried out on oil supplies in the region, since Washington applied economic sanctions on Iran on May 4, where six tankers were hit during two separate attacks near the Strait of Hormuz, and Washington and Riyadh accused Iran of involvement in the two incidents.
The Houthi militia, Iran's proxy in Yemen, has also claimed responsibility for different attacks on oil facilities and pipelines in Saudi Arabia.
The Saudi oil pipeline was hit mid-May and an attack on the Shaybah oil field in southeast Saudi Arabia in mid-August, the latest on two Aramco oil processing facilities in Abqaiq and Khurais last Saturday.
But coalition spokesman Turki al-Maliki told a news conference in Riyadh on Monday that initial indications were that the attack on two Saudi oil facilities was launched with Iranian weapons and did not originate from Yemen. "We are currently working on determining the location of these terrorist attacks."
Concerted attacks on fuel supplies in the region have pushed crude oil prices up rapidly, posing a serious threat to the global economy, importing markets from the region. US Energy Secretary Rick Perry accused Iran of attacking the global economy
Saudi oil production could take months to fully return to normal, Goldman Sachs bank said its is likely to cause a total shutdown of about 5 million barrels per day for more than three months in raising prices to over $ 75 a barrel.
Economists say the attacks on Saudi oil installations have far-reaching economic consequences far beyond material damage, and this is what the Iranians are playing because they need oil prices in excess of $ 100 a barrel to reform their economy.
Iran lives under the weight of US sanctions, and Iran has used the economic embargo for decades and resorted to the sale of oil on the black market for profit, it is throughout the embargo exports oil through Iraqi ports.
The US sanctions package against Iran gradually came into effect on November 4 and was fully implemented on May 4, aimed at curbing Iranian influence, halting its nuclear programs, and denying the Iranian regime from winning the money it uses to destabilize the Middle East for decades through groups and sects. Undermined international peace and security.
Observers believe that Tehran has responded to these sanctions by harming global interests, through its greatest stock of its proxies and regional militias, and its sectarian militias in Lebanon, Iraq, Syria and Yemen. And global trade.
