FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. Picture taken August 21, 2019. REUTERS/Jessica Lutz/File Photo
TILAK DOSHI, MUSE & STANCIL
"In the oil universe, this attack is perhaps equivalent to the 9/11 attacks ... Abqaiq is easily the world's single most important oil production and processing infrastructure site."
"This puts Iran's wars-by-proxy in the region squarely in the centre of the security concerns of the Middle East."
"For Asian governments, perhaps this overtakes the perennial concern about the safety of tanker traffic in the Strait of Hormuz with even more serious concerns about the impact of a direct breakout of hostilities between the Saudi alliance and Iran."
"Governments throughout the Asian region will perhaps now be more supportive of the U.S. administration's tough sanctions regime on Iran."
#oil
#Saudi attacks
#drone
5 years ago
