Saudi Arabia oil production cut 50% after attack. President Trump orders use of U.S. Strategic Petroleum Reserve.


Updated Sep 17, 2019 - The United States has identified the exact locations in Iran from which a combination of more than 20 drones and cruise missiles were launched against Saudi oil facilities over the weekend, a senior U.S. official told CBS News national security correspondent David Martin on Tuesday. The official said the locations are in southern Iran, at the northern end of the Persian Gulf.  


Analysis by DEBKA

Exclusive: Iran shot missiles from Khuzestan, drones from W. Iraq at Saudi oil facilities

President Donald Trump reassured Americans that there would be “plenty of oil” after the drone attacks on Saudi Arabia’s oil production.

“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied,” Trump wrote on Twitter.

The president commented after oil prices jumped 15 percent as a result of Saturday’s drone attacks on two of Saudi Arabia’s oil facilities. Houthi rebels, backed by Iran, claimed responsibility for the attacks which cut output by 5.7 million barrels per day, sidelining over 5 percent of global oil production.


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