Attack on Saudi oil ports and energy facilities Yemeni rebels: oil prices to rise above $70

The Saudi Ministry of Energy, through the official media Saudi Press Agency (Saudi Press Agency) issued a statement that the territory of the eastern port of Ras Tanura (Ras Tanura), an oil storage tank area, the morning of 7 by a drone attack from the sea. The port of Ras Tanura is one of the world’s largest oil ports.

The statement also said that later on the 7th, debris from a ballistic missile landed in the residential area of Saudi Aramco in Dhahran, where thousands of employees and their families from different countries live.

Later, the Saudi Ministry of Defense said in a statement that the drone was shot down and destroyed before it reached its target, and that the ballistic missile that targeted the Aramco facility in Dhahran was also destroyed, with fragments of the missile falling near civilian infrastructure.

Both the Defense Ministry and Energy Ministry statements did not mention casualties and damage, nor did they identify the masterminds behind the attack.

The Iran-backed Houthi rebels tweeted that they targeted military targets in the port of Rastanullah and the Dammam area near the city of Dhahran, launching the drone and missile attacks. It also said the wave of attacks would push oil prices above $70.

The Houthi rebels also said they launched a total of 14 Drones and eight ballistic missiles. The Saudis have not confirmed the attacks.

The Saudi Press Agency, for its part, reported that the Saudi-led military coalition intercepted drones and missiles from the Houthi rebel group earlier on the 7th and stepped up airstrikes on the Yemeni (Yemeni) capital of Sanaa (Sanaa), which it controls.

The Saudis claim this is in line with international law. “Targeting civilians and civilian facilities is a red line,” the Saudi Press Agency quoted coalition spokesman Colonel Turki al-Maliki as saying.

According to local media reports, the airstrikes continued into the night, with videos shared by several social media accounts appearing to show the sound of loud explosions still ringing out after dark.

Taiwan‘s Vantage Point reported that oil prices soared more than 2 percent at the opening bell on Monday (8) due to the attack in Dhahran. New York’s West Texas Crude Oil futures once stood at the $67 per barrel mark in the Asian session, while Brent crude oil futures broke through the $71 per barrel mark.

The Saudi-led Arab coalition intervened in the Yemeni civil war in March 2015 after the Iranian-backed Houthi rebel group sent troops to capture the capital Sanaa and overthrow the internationally recognized Yemeni government, and the conflict between the two sides has lasted six years. Houthi rebels have recently escalated their attacks on Saudi Arabia’s state-owned oil facilities.

Most recently, on March 4, Saudi Arabia was hit by several missile attacks, with Houthi rebels claiming they successfully hit Aramco’s oil facilities in Jeddah.

Last November, Houthi rebels fired missiles that hit an oil distribution plant in the city of Jeddah. Saudi Aramco said at the Time that the hit on an oil storage tank did not affect domestic fuel supplies.