US President Donald Trump said on Sunday that the United\nStates would benefit from its strategic oil reserves “if needed” in\nthe wake of the attacks on oil sites in Saudi Arabia. “I have also\ninformed all appropriate agencies to expedite approvals of the oil pipelines\ncurrently in the permitting process in Texas and various other States,”\nthe US president said. <\/p>\n\n\n\n
The weekend attack could disrupt an estimated 5.7 million\nbarrels of oil per day, or more than 5 percent of the world’s daily supply. Oil\nprices rose more than 10% late Sunday.<\/p>\n\n\n\n
Trump’s announcement followed a meeting of the National\nSecurity Council with Secretary of State Mike Pompeo and Defense Secretary Mark\nEsper at the White House. \u201cSaudi Arabia oil supply was attacked,” the\npresident wrote on Twitter, and the United States is awaiting investigations\nfrom Saudi Arabia over who was behind the attack.<\/p>\n\n\n\n
The decision comes a day after a drone attack hit the heart\nof Saudi Arabia’s oil industry. The Trump administration has placed\nresponsibility on Iran.<\/p>\n\n\n\n
Iran has reacted forcefully to US accusations of ”\nmaximum lies” and threatened that its forces could strike US military\nbases in the Middle East. Pompeo then issued two tweets blaming Tehran –\nwithout evidence – although the Houthi rebels in Yemen claimed responsibility.<\/p>\n\n\n\n
Lawmakers, such as Rep. Liz Cheney of Wyoming and Sen. Adam\nSchiff of California, backed Pompeo’s allegations. ” I think Secretary\nPompeo’s statements yesterday were absolutely right,” Cheney said. “I\nthink it’s very clear this was the Iranians.”<\/p>\n\n\n\n
“I think it’s safe to say that the Houthis don’t have\nthe capability to do a strike like this without Iranian assistance,\u201d Schiff\nsaid.<\/p>\n\n\n\n
Before President Trump’s announcement, the Energy Department\nsaid it was ready to take advantage of strategic oil reserves if needed to\ncompensate for any disruptiond.<\/p>\n","protected":false},"excerpt":{"rendered":"
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