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Drone strikes target world's largest oil processing facility, Saudi oil field; attack claimed by Iranian-backed rebels

From foxnews.com

{video} The world's largest oil processing facility and a nearby oil field in Saudi Arabia were set ablaze early Saturday morning after reported drone attacks by Iranian-backed Yemeni rebels. The Interior Ministry was quoted by state-run media as saying the fires at the Abqaiq oil processing facility in Buqyaq and the nearby Khurais oil field operated by Saudi Aramco were “targeted by drones.” It wasn’t immediately clear if there were any injuries, nor what effect it would have on oil production in the kingdom. Houthi rebels – who are backed by Iran in a yearslong Saudi-led war against them in Yemen – have reportedly ... (full story)

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  • Category: Fundamental Analysis