• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days They pay YOU to TAKE Natural Gas
  • 12 hours How Far Have We Really Gotten With Alternative Energy
  • 16 hours What fool thought this was a good idea...
  • 3 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 10 days The United States produced more crude oil than any nation, at any time.
Oil Ticks Higher on Inventory Draw

Oil Ticks Higher on Inventory Draw

Crude oil prices moved higher…

Trafigura Dumps Over 400,000 Tons of Aluminum into LME Warehouses

Trafigura Dumps Over 400,000 Tons of Aluminum into LME Warehouses

Aluminum prices retreated after Trafigura's…

Saudi Intelligence Warns Of An Imminent Iranian Attack

Saudi Arabia’s energy infrastructure may face the threat of another attack by Iran based on intelligence shared between Riyadh and Washington, though threat assessments have not been confirmed by the Pentagon or the U.S. Department of State.

The intelligence-sharing over a potential Iranian attack was reported earlier by the Wall Street Journal.

Speaking to CNN late on Tuesday, one unnamed U.S. official said intelligence of a possible attack on Middle East energy infrastructure had been shared between Saudi Arabia and the United States.

That alleged threat has not yet led to an increase in U.S. military protection levels, according to the official, while a second unnamed official noted that F-22 fighter jets are already in Saudi Arabia should they be required.

So far, the State Department has said only that they are “concerned about the threat picture”, CNN reports, and are in constant contact with the Saudis through “military, diplomatic, intelligence channels”.

On September 14, 2019, oil markets were destabilized when Yemen’s Iran-backed Houthis launched a drone attack on Aramco oil facilities in Eastern Saudi Arabia, cutting Saudi oil production in half - or taking some 5% of global supply off the market.

It was unclear if the intelligence shared between Saudi Arabia and the United States referred to the threat of a direct Iranian attack on Middle East energy installations as a means to divert attention from seething unrest and protests at home, or whether the threat was of another Iran-backed Houthi attack.

The truce in Yemen expired on October 2nd and efforts to extend it have failed, leading to a new surge in violence.

ADVERTISEMENT

The Kurdistan Region of Iraq (KRI) has also been a recent target of Iranian missiles due to the region’s inclusion in Iran’s nationwide protests over the death of a young Iranian Kurdish woman after being taken into custody for a headscarf violation.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News