Business > U.S.

After Saudi Oil Attack, Trump Pledges Help for Middle East Allies

28 days ago   |   By Fortune

President Donald Trump promised to help allies following attacks on major Saudi Arabian oil facilities, even though he said the U.S. is no longer directly reliant on Middle Eastern oil and gas and has few tankers there.
“We are a net Energy Exporter,” Trump tweeted Monday morning. “We don't need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!”
Brent oil posted its biggest ever intraday jump Monday to more than $71 a barrel. It pared some gains, though both Brent and West Texas crude were still trading about 10% higher as news of the devastating...
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Trump suggests Iran responsible for Saudi oil attack

Trump suggests Iran responsible for Saudi oil attack

28 days ago   |   By Politico

President Donald Trump on Monday hinted at potential new evidence that could prove Iran was behind a series of drone attacks in Saudia Arabia that struck the heart of its oil production, pointing to prior controversies that he said cast doubt on Iran's denials. “Remember when Iran shot down a drone, saying knowingly that it was in their 'airspace' when, in fact, it was nowhere close,” he asked in a tweet, referring to Iran's downing of an unmanned U.S. aircraft three months ago. “They stuck strongly to that story knowing that it was a very big lie. Now they say that they had nothing to do...
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Houthi Forces in Yemen Warn of More Attacks on Saudi Oil Systems

Houthi Forces in Yemen Warn of More Attacks on Saudi Oil Systems

28 days ago   |   By NY Times

American officials have blamed Iran for the attacks on Saturday that slashed Saudi production, but the Houthi faction, allied with Iran, claimed responsibility.
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Trump officials claim that satellite imagery and the direction of the Saudi oil field attack prove that Iran was to blame

28 days ago   |   By Business Insider

US officials have revealed evidence that they claim indicates likely Iranian responsibility for Saturday's attack on two major oil fields in eastern Saudi Arabia.
President Donald Trump on Sunday said that the US is "locked and loaded" in response to the attack, though he declined to name Iran as the culprit.
US secretary of state Mike Pompeo blamed Iran for the attack on Saturday, despite Houthi rebels in Yemen claiming responsibility.
Visit Business Insider's homepage for more stories .
Trump administration officials have claimed that intelligence assessments indicate that Iran was...
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