Saudi Arabia says full production restored within the month

Saudi Arabia says full production restored within the month

The reaction of US Secretary of State Mike Pompeo to these attacks, which have cut the kingdom's oil production by nearly half and slashed global daily output by 6 percent, was as noteworthy for its haste as for its peculiar wording.

The fires led to the interruption of an estimated 5.7 million barrels in crude supplies, as Saudi officials said part of that would be offset with stockpiles.

Details of the Saturday strikes on Abqaiq - the world's largest oil processing facility - and the Khurais oil field in eastern Saudi Arabia remained unclear, but left crude oil output by the world's top exporter slashed in half. So the new prediction of a quick return to normal output sent prices down sharply on Tuesday.

"I'm not looking to get into new conflict, but sometimes you have to", he said Monday.

In the latest development between the rivals, the White House on Monday suggested that Iran was behind attacks against oil facilities in Saudi Arabia although Houthi rebels in Yemen had claimed responsibility.

Meanwhile, US President Donald Trump, in a tweet, said: "Saudi Arabia oil supply was attacked". Tehran has rejected the charges that it was behind the drone strikes. But the stage was set for these incidents by the re-imposed sanctions on Iran by the USA after Trump pulled out of Iran's 2015 agreement.

Iran has denied carrying out the attacks, with President Hassan Rouhani saying on Monday that the attacks were a effect of the Houthis "exercising their legitimate right of defence".

"We will maintain our momentum toward energy independence, and the United States of America will take whatever action is necessary to defend our country, our troops, and our allies in the Gulf", stated the vice president.

According to Khamenei, Washington's policy of maximum pressure on Tehran will fail. It disapprovingly cited Trump's failure to launch airstrikes in June following the downing of the USA drone. United States officials have not said what that information includes. Britain and Germany agreed they needed to work with global partners to form a collective response and de-escalate tensions as efforts continued to establish exactly what happened, Prime Minister Boris Johnson's spokesman said.

"The President will always consider his options", Conway said when asked if Trump would still sit down with Rouhani under current circumstances.

The Saudis have in turn stated that the weapons used were Iranian.

Riyadh asked global experts to join its investigation, which indicates the attack did not come from Yemen, the foreign ministry said.

Unnamed U.S. officials said satellite photos showed 19 points of impact at several facilities that they said came from the north and northwest - from the direction of Iran or Iraq - not from Huthi-held territory in Yemen.

With Macron's diplomatic push at stake and the fate of the worldwide nuclear pact with Iran uncertain, France wants to compile an independent assessment of the attack, including the original launch location and the exact weapons used.

Aramco, the Saudi oil company targeted in Saturday's attacks, said no workers were injured.

Custodian of the Two Holy Mosques King Salman said on Tuesday that the Kingdom was capable of dealing with the consequences of attacks on its vital oil installations.

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