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US holds off military action after oil hit

US President Donald Trump says military action is not yet on the table in response to an attack on Saudi Arabian oil facilities, which he says appears to have been carried out by Iran.

Oil prices soared worldwide amid the damage in Saudi Arabia and fresh Middle East war concerns.

But Trump put the brakes on any talk of quick military action – despite earlier describing the US as “locked and loaded”. He also said the oil impact would not be significant on the US, which is a net energy exporter.

The Saudi government called the attack an “unprecedented act of aggression and sabotage” but stopped short of directly pinning blame on Iran.

US Secretary of State Mike Pompeo immediately blamed Iran for “an unprecedented attack on the world’s energy supply.”

Iran has denied involvement.

Trump is alternating between aggressive and nonviolent reactions, saying the US could respond “with an attack many, many times larger” but also “I’m not looking at options right now.”

He described it as an attack against Saudi Arabia, “not us”.

American officials released satellite images of the damage at the heart of the kingdom’s crucial Abqaiq oil processing plant and a key oil field.

The US alleges the pattern of destruction suggested the attack did not come from neighbouring Yemen, as claimed by Iranian-backed Houthi rebels there.

The Saudis invited United Nations and other international experts to help investigate, suggesting there was no rush to retaliate.

The new violence has led to fears of an escalated confrontation in the wider Persian Gulf in recent months. There have already been attacks on oil tankers that Washington blames on Tehran, and the downing of a US military surveillance drone by Iran.

Those tensions have increased ever since Trump pulled the US out of a 2015 global nuclear agreement with Iran and re-imposed sanctions that have sent Iran’s economy into freefall.

An Iranian government spokesman said there is now “absolutely no chance” of a meeting between Iranian President Hassan Rouhani and Trump at the UN General Assembly next week.

-AAP

The post US holds off military action after oil hit appeared first on The New Daily.


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