Sunday, September 15, 2019

Trump says US ‘locked and loaded’ after attack on Saudi oil supply

In a tweet, tonight at 6:50 pm, Trump stated that the US government may know the culprit behind the strike on the Saudi oil supply. I think it will be interesting to see how this unfolds. This could easily escalate further if the US is willing to authorize strikes in retaliation. Trump makes it sound as though he is waiting on confirmation from the Saudis to determine what course of action they want to take. The initial strike on Saudi Arabia this weekend hit its second-largest oil processing facility and forced Aramco to slow production by 50%. This accounts for roughly 5% of the world's oil supply. As of right now, oil futures are up as far as 11%. Yemen rebels took responsibility for the strike but the US government seems to be blaming Iran at the moment. Iran currently dismisses these allegations.


His Tweet:
"Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!"

Article
https://www.cnbc.com/2019/09/15/trump-says-us-is-locked-and-loaded-after-attack-on-saudi-oil-supply.html

1 comment:

  1. It will be interesting to see how this affects stock prices for oil companies and energy companies.

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