USA believes Iran proxies may be behind tanker attacks, official says

16 May, 2019, 04:12 | Author: Gerard Cortez
  • A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo Japan

That move higher comes as the market waits for a report from the American Petroleum Institute (API), an industry group, which is expected to show USA crude stockpiles fell by 800,000 barrels last week, their second decline in a row, according to analysts in a Reuters poll. Washington did not publicly provide any evidence to back up claims of an increased threat from Tehran.

Saudi Arabia, the world's top crude exporter, said Wednesday that attacks on two of its tankers and a major pipeline targeted the security of global oil supplies.

Attacks such as the one on Saudi Aramco's pumping stations do happen occasionally.

He expected that the drone attack to trigger more serious reaction from the anti-Houthi military coalition to enter a new phase aimed at eradicating the military capabilities of the rebel group.

"Volatile prices have remained the theme of today's trading session".

But that came after Iran's Defence Minister Amir Hatami warned that the United States and its ally Israel would suffer the "bitter taste of defeat".

Experts from France, the USA and Norway are said to be assisting with the investigation into the tanker attacks. But he also said, "Neither we, nor them is seeking war".

Leaders from the UK, France, UAE, Bahrain, Kuwait, Pakistan, Egypt, and Afghanistan joined the chorus of global condemnation against the Iranian-backed Houthi militias whose explosive-laden drones hit targets in Al-Duadmi and Afif.

Pakistan condemned the drone attacks on oil pumping stations in eastern province of Saudi Arabia on Tuesday, ARY News reported on Wednesday.

It was a telling remark from the supreme leader - Iran is not known to have enriched beyond 20% previously and it's unclear how far Tehran is willing to go in this process.

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The Houthis, who are at war with Saudi Arabia, said earlier Tuesday they launched seven drones targeting vital Saudi installations, without elaborating.

That included two pumping stations along its critical East-West Pipeline, which can carry almost 5 million barrels of crude a day to the Red Sea. It added that Saudi Aramco's oil and gas supplies were not affected. The attack caused fire and minor damage to one of the pumping stations, said Al Falih.

The photo, taken Tuesday after the attack, shows two black marks near where the East-West Pipeline passes by the facility.

He also said that the UAE, which is part of the Saudi-led coalition battling the Iran-aligned Huthis, would "retaliate hard when we see Huthis hitting civilian targets like what happened in Saudi Arabia". The website, whose analysts monitor oil sales on the seas, first reported about the black marks. Iranian officials denied responsibility.

A UAE government official said the Saudi oil tankers Al-Marzoqah and Amjad were attacked off the emirate of Fujairah along with the Norwegian tanker Andrea Victory and an Emirati ship, the A. Michel.

"On Iran, it doesn't really help to hear Foreign Minister Zarif trying to offer a moderate voice with regards to Iran's intentions", Gargash said.

That contradicts what British Maj.

US crude stocks rose unexpectedly last week, while gasoline stockpiles decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.

Iran has repeatedly threatened to close the strait in case of a military confrontation with the U.S.



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