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Saudi prince foretells “unthinkable” jump in oil prices if world powers do not affect Iran

Saudi Arabia’s Crown Prince Mohammed bin Salman called the attack on Saudi Aramco’s oil facilities in Abkaik and Khurais an act of war from Iran. At the same time, he expressed the hope that “a military response will not be required,” since “a political solution is much better.”

Speaking in the “60 minutes” program on the American television channel CBS News, Prince Mohammed emphasized that if the leading world powers fail to restrain Iran, “we will see further escalation,” and “oil prices will rise unthinkable.”

The Saudi prince also said that a political solution to the crisis in Yemen is possible if Iran ceases military support for the Hussites. Explaining why the Saudi air defense failed to stop the air attack on the plants, bin Salman said that Saudi Arabia is larger than the whole of Western Europe. “There are threats from all sides. It is difficult to cover everything completely,” the prince said.

CBS News illustrated an interview with Muhammad with video footage of surveillance cameras showing shots of an airstrike at the Saudi Aramco plant in Abkaik on September 14. According to the Arab media, these videos were published for the first time.

On the night of September 14, 18 enterprises of the Saudi national oil company Saudi Aramco in the east of the country were attacked by 18 drones and seven missiles. The largest oil refinery in the world near the city of Abkayk, where many Western experts live, as well as an oil refinery in the Khurais region, which houses the kingdom's second-largest oil field, was attacked. After the attacks on them, a strong fire broke out.

The responsibility for this action was taken by the rebels from the Yemeni movement Ansar Allah (Hussites). They promised to continue the attacks on a much larger scale until Saudi Arabia ceases hostilities in Yemen.

Riyadh admitted that “the explosions led to the cessation of the supply of crude oil in the amount of 5.7 million barrels, which corresponds to about 50% of the company's production.” According to some reports, it will take weeks to restore the damaged infrastructure. The incident led to a sharp, almost 20%, jump in oil prices.

US Secretary of State Michael Pompeo accused Iran of involvement in the attacks. According to him, “there is no evidence that the attacks were from Yemen.” The Iranian Foreign Ministry called the allegations by Pompeo baseless. Tehran also threatened that any attack on Iran would lead to full-scale war.

The spokesman for the kingdom-led Arabian coalition also said the attack on oil facilities was not from Yemen, as the Hussites said, but the weapons used in the attack on Aramco are of Iranian origin. Subsequently, it became known that Saudi Aramco was forced to buy oil from other countries to fulfill export obligations.

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