Iran denies a recent drone attack on Saudi Arabia, as the strikes halve Saudi oil facility output, and President Trump vows to tap U.S. oil reserves.
- What has happened to oil futures as a result of the attack?
- How is the Pentagon weighing in on the latest conflict?
- What was Secretary of State Mike Pompeo’s response?
- Discuss the Saudi production of oil and the significant effect that it may have on prices at the gas pump.
Source: Fahim, K., A. Gearan, E. Cunningham, and S. Mufson. (2019). Iran denies role in attacks on Saudi oil facilities; Trump says U.S. is ‘locked and loaded.’ The Washington Post, Sep. 15 (Retrievable online at https://www.washingtonpost.com/world/iran-dismisses-allegations-it-carried-out-crippling-attack-on-saudi-oil-facilities/2019/09/15/021b6822-d731-11e9-8924-1db7dac797fb_story.html)