Iran dismissed accusations by the United States that it was behind attacks on Sa...
DUBAI - Iran dismissed accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting global energy supplies and warned on Sunday that U.S. bases and aircraft carriers in the region were in range of its missiles.
Iranian foreign ministry spokesman Abbas Mousavi dismissed the U.S. allegation as “pointless”. A senior Revolutionary Guards commander warned that the Islamic Republic was ready for “full-fledged” war. Traders and analysts said crude may spike to as high as $100 if Riyadh fails to quickly bring back supply.
“Abqaiq is the nerve center of the Saudi energy system. Even if exports resume in the next 24-48 hours, the image of invulnerability has been altered,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told Reuters.According to U.S. government information, 15 structures at Abqaiq suffered damage on their west-northwest facing sides.
Kuwait, which borders Iraq, said it was investigating the sighting of a drone over its territory and coordinating with Saudi Arabia and other countries. The cabinet said the prime minister ordered tighter security at vital installations.
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