Header Ads

Header ADS

Saudi Arabia Declares "Won`t Bear Any Responsibility" For A Global Oil Shortage


Saudi Arabia has uncharacteristically declared that it "won`t bear any responsibility" for a global oil shortage after being slammed by Iran-backed Yemeni Shiite rebels, Houthi. The Associated Press and the Financial Times reported that Saudi Arabia's tough warning on Monday (March 21) was unusual and completely different from its usual cautious words and deeds in the past. The spate of rebel attacks on Saudi oil facilities underscores the serious escalation of the war, which erupted in 2014. In 2014, when the youth movement occupied Yemen's capital, Sanaa, and much of the north, Saudi Arabia and its allies responded with airstrikes to repel the youth movement and revive an internationally recognized government. Seven years later, the conflict has turned into a bloody stalemate that has sparked a horrific humanitarian catastrophe. The youth movement launched an onslaught of oil and gas production facilities in the kingdom on Sunday, sparking a fire at an oil distribution center in the Saudi port city of Jiddah and at a petrochemical facility in the Red Sea port city of Yanbu. interference, the overall damage status remains unclear. The Saudi energy ministry admitted that crude output in Yanbu had temporarily fallen by 400,000 barrels per day. The Saudi Press Agency reported that the Ministry of Foreign Affairs announced on the 21st that Saudi Arabia "will not bear any responsibility for the shortage of the global crude oil market after the attack on its domestic oil facilities." Responsibility to protect energy supplies" and stop all attacks that threaten "Saudi Arabia's ability to produce and fulfill its obligations."
Powered by Blogger.