Foreign Policy Digital

Oil Prices Jump After Attack on Saudi Facilities

Plus: A summit in Ankara, Boris Johnson’s trip to Luxembourg, and what to watch in the world this week.

Here is today’s Foreign Policy brief: The United States blames Iran for the attack on a key Saudi oil facility, Turkey hosts a summit over Syria, and what to watch in the world this week.

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After Attacks, Oil Prices Rise and U.S. Blames Iran

After an attack on Saudi oil facilities over the weekend, the United States has laid the blame squarely on Iran—and not Yemen’s Houthi rebels, who have claimed the strike, which has disrupted global oil supplies. A U.S. official told Reuters that 19 targets were hit—most at Saudi Aramco’s Abqaiq facility. On Sunday, oil prices rose sharply on the news, initially jumping 20 percent from $60 to nearly $72 per barrel, before early Monday—an 8 percent rise.

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