Oil prices jump on drone attack on Saudi Aramco facilities

WTI and Brent Crude Oil

The reported pipeline attacks came after the UAE said four ships were damaged in "sabotage attacks" off the emirate of Fujairah, close to the Hormuz, on Sunday.

Iranian media thinks the drone strikes are important because it burnishes Iran's image and shows that Iranian backing, even if Iran doesn't take direct credit for that backing, is aiding the Houthis.

Mr Motahhari told FARS news agency: "The US military forces" deployment in the Persian Gulf is more of the nature of psychological warfare. Impeding the global passage of oil tankers has serious repercussions for free shipping and worldwide trade - and will help push up insurance costs.

In Tehran, Iran's Supreme Leader Ayatollah Ali Khamenei cautioned: "Neither we, nor them, is seeking war".

This followed a USA decision to end exemptions from sanctions for major importers of Iranian oil.

The official did not explain why the sabotage was attributed to Iran, but a standard investigative question is to ask what party would have had the motive. "Absolutely. But we have not planned for that", Trump said. The UAE asked the United States to help investigate the damage, which Gulf officials have characterised as sabotage.

US national security agencies believe proxies sympathetic to or working for Iran may have sabotaged the tankers near the UAE rather than Iranian forces themselves, a USA official familiar with the latest USA assessments said.

An Emirati official said three Western countries - the US, France and Norway - would be part of an investigation into the ship attacks along with the UAE and Saudi Arabia.

The central oil pipeline in Saudi Arabia has been hit by drones, Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih said on Tuesday.

Asked whether the U.S. believed Iran played a role in the attacks, Washington's Iran envoy Brian Hook declined to comment, saying only that United States authorities would help the investigation at the request of the UAE. Two other vessels were allegedly also damaged off Fujairah port in UAE waters.

Shahid Kapoor explains use of alcohol, smoking in `Kabir Singh`
Earlier, Shahid Kapoor's look from the movie had leaked on the internet and fan mania was at its peak courtesy the beard. It is straight from the heart, and I think best films are ones which come straight from the heart.

The Norwegian owners said their vessel sustained a hole in its hull from "an unknown object".

Iran has called for a full investigation into Sunday's incident which it described as "worrisome".

President Trump, reacting to the Times report, said today the United States has not "planned" to send troops to Iran. "If they do anything, it would be a very bad mistake", he said at the White House. "If they do anything they will suffer greatly".

With the US's "maximum pressure" campaign triggering an economic crisis in Iran, the country's President Hassan Rouhani announced plans to scale back compliance with the nuclear deal unless remaining signatories acted to shield Tehran's economy.

"God willing we will pass this hard period with glory and our heads held high, and defeat the enemy", he said in a meeting with clerics late on Monday.

The assessment, while not conclusive, was the first suggestion by any nation that Iran was responsible and comes after a series of United States warnings against aggression by Tehran or its allies and proxies against military or commercial vessels in the region, reports Efe news.

The Israeli sources noted that the Iranian target list does not rule out civilian targets and ports in the area.

Iran is embroiled in a war of words with the United States over sanctions and the USA military presence in the region.

"For the moment the frigate Mendez Nunez has left the combat group", a defence ministry spokesman told the AFP news agency.

Related News:



Most liked

'Arthur' Character Mr Ratburn Comes Out And Gets Married In Latest Episode
Everyone's favorite PBS kids' show Arthur surprised many fans when it revealed a major change for one of its characters. Cut to the dance floor, where Buster approaches his friends with a plate of "the best cake I've ever had", a nod to Mr.

How major U.S. stock indexes fared Tuesday
Higgins cited the previous inversion last month, when the three-month Treasury yield topped that of the 10-year, spooking markets. The escalation hit stock markets, with Asia markets falling on Tuesday after Wall Street closed with sharp losses.

Disney takes over Hulu streaming service
With Disney now wielding full operational control over Hulu , it's unclear how the Hulu and Disney+ symbiosis will play out. Disney's $71.3 billion takeover of 21st Century Fox combined their stakes, and gave Disney a majority hold over Hulu .

Texas officer shoots woman who said she was pregnant: Latest updates
Steve Dorris , as the officer was trying to handcuff the woman, she managed to get control of his taser and tase him with it. It does not acknowledge the video, but it does address what happened just before the officer fired "multiple rounds." .

Carol Burnett Remembers Tim Conway: "He’ll Be In My Heart Forever"
More recently Conway voiced the role of Barnacle Boy for the hugely popular children's series " SpongeBob SquarePants ". He moved to NY to join "The Steve Allen Show" in the early 1960s, where there was already a staffer named Tom Conway.

Crossbow murder mystery deepens as two more bodies are found in Germany
A hotel guest said the man had a long white beard and the women were dressed in black, and described them as "strange". The man and 33-year-old woman were found lying together in bed, while the younger woman was found lying on the floor.

Prosecutors drop charges against Conor McGregor after phone-smashing ordeal
In October, the Nevada State Athletic Commission suspended McGregor for six months after he was involved in a post-fight brawl. Madani concluded that Abdirzak "has credibility issues as he's changed his previously sworn testimony".

Minnesota Timberwolves: NBA Draft Lottery Preview
With the current makeup of the team constituting a need for quality wing players, this would not be a bad outcome for New Orleans. Every team would be thrilled to win the right to take the big man, who is one of the best prospects to come along in years.

Lenovo's ThinkCentre M90n-1 Nano Is A Diminutive Powerhouse Desktop PC
Lenovo says that issues related to the hinge, screen durability and protection "have all been addressed". The company also has stated that the ThinkPad X1 foldable PC is powered by Intel and runs on Windows.

Moonquakes Rattle the Moon as It Shrinks Like a Raisin
It's believed these slip-events - much like landslides - were caused by additional tidal stress heightened by the Earth's gravity. However, unlike the flexible skin on a grape, the moon's crust is brittle, causing it to break, resulting in faults.

Big News For Felicity Huffman In Varsity Blues Scandal
Attorney's Office in MA announced it had charged 50 people, including Huffman and Lori Loughlin , in the cheating scandal. Singer has admitted that he paid "proctors" to correct wrong answers on students' tests or take the exam in their place.

Tourist plane crashes in Alaska, leaving five dead, one missing
The Royal Princess departed Vancouver last Saturday, and was scheduled to arrive in Anchorage, AK on Saturday May 18. Local authorities told the FAA that five people were on board the Beaver and 11 people were on board the Otter.

Stock sell-off hits Asia as China strikes back
Trump said Monday that he expected some measure of retaliation but insisted that the U.S.is ready to withstand China's move. Makers of clothing and furniture were already shifting production to Southeast Asia due to rising Chinese wages.

Sophie Turner knows the coffee scene culprit
Each actor puts in a lot of hours and time into making a convincing episode happen; from fight scenes to dragon riding. Maisie Williams and Sophie Turner both earn about $150,000 per episode. "I'm a huge fan!" Jonas jokes in the video.

Saudi oil tankers ‘sabotaged’ as U.S.-Iran tensions increase
Falih said the attack aimed to undermine maritime freedom and "security of oil supplies to consumers all over the world". This photo from March 12, 2017, shows a an Iranian oil facility on Kharg Island, on the shore of the Persian Gulf.