Battered Saudi oil output to recover in two or three weeks: sources

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Battered Saudi oil output to recover in two or three weeks: sources
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U.S. believes attack on Saudi oil facilities originated in southwest Iran, involved both drones and cruise missiles, officials tell Reuters. More:

Trump said on Monday that it looked like Iran was behind the strike at the heart of the Saudi oil industry, but stressed he did not want to go to war. Iran denied it was to blame.

U.S.-Iranian relations deteriorated after Trump quit the accord and reimposed sanctions over Tehran’s nuclear and ballistic programs. He also wants Iran to stop supporting regional proxies, including the Houthis. German Chancellor Angela Merkel said the Iran nuclear pact, which European parties are trying to salvage, is one building block “we need to get back to”.

King Salman, heading a cabinet meeting on Monday, said Riyadh would handle the consequences of “cowardly attacks” that target vital Saudi installations, world crude supplies and global economic stability. The cabinet urged the world to confront those threats “regardless of their origin”. Trump sent Secretary of State Mike Pompeo to Saudi Arabia, but stressed he had not made any commitments to protect the Saudis. “That was an attack on Saudi Arabia, and that wasn’t an attack on us. But we would certainly help them.”

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