Tensions escalate following weekend attacks.
Topline:
Iran foreign minister Javad Zarif warned Thursday that if the U.S. or Saudi Arabia strikes back over weekend attacks on Saudi oil pipelines, it would be considered an act ofZarif continued to deny Tehran had a hand in the pipeline attacks. He maintained the attacks were carried out by the Houthis, an Iranian-backed group of rebels from Yemen.But U.S. secretary of state Mike Pompeo saidZarif said Iran was open to negotiations, under the condition the U.S. eased all sanctions placed on it after Trump withdrew from the 2015 nuclear deal last year.Saudi Arabia is the world’s leading oil supplier, and the attacks decreased its output by half.
for oil have increased sharply since the attack, and as of Thursday morning, were trading up over 2%.“I am making a very serious statement that we don’t want to engage in a military confrontation. But we won’t blink to defend our territory,” said Zarif.How Trump responds and whether he will actually carry out any military action against Iran.
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