The Saudi Arabian government issued a statement Monday saying it will not 'bear any responsibility' for global oil shortages after several of their facilities were targeted by Yemen's Iran-backed Houthi rebels over the weekend.
North Dakota Republican Sen. John Hoeven reacts to Saudi Arabia reportedly considering accepting the Chinese yuan instead of U.S. dollars for oil sales.shortages after multiple Saudi facilities were targeted over the weekend by Yemen's Iran-backed Houthi rebels.
The Saudi Press Agency cited an official, unnamed source in the kingdom's Ministry of Foreign Affairs in relaying a statement that the world's largest oil exporter "will not incur any responsibility for any shortage in oil supplies to global markets in light of the attacks." / Getty Images) The statement went on to say, "The Kingdom stresses the importance of the international community realizing the gravity of Iran’s continued behavior of equipping the terrorist Houthi militias with the technology of the ballistic missiles, and advanced UAVs with which they target the Kingdom’s production sites of oil, gas and refined products, resulting in serious consequences for upstream and downstream sectors affecting the Kingdom’s production capability and its ability to fulfill its...
In this photo provided by the Saudi Press Agency, firefighters try to extinguish a blaze at an Aramco terminal in the southern border town of Jizan, Saudi Arabia, early Sunday, March 20, 2022.The Saudi-led military coalition said that there were no human causalities from the attacks, but that civilian vehicles and homes also sustained damage.
The declaration from the kingdom comes as the world grapples with oil shortages and sky-high gasoline prices that have been surging for more than a year and reached records in the U.S. in recent weeks. Saudi Arabia and other OPEC nations have faced pressure to ramp up production – particularly after
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