Saudi Aramco Oil attacks soared oil prices

They opened up Monday after the world's largest oil processing plant in Saudi Arabia was attacked over the weekend.

Aramco Oil facility attacked
Relations were further strained after the US and Saudi Arabia accused Iran of being behindHouthi-claimed attacks that set ablaze two major Saudi Aramco oil installations on September 14.

What’s on the agenda today?

We’re expecting to hear from Saudi Arabia this morning and later from Iranian President Hassan Rouhani:

  • 9:00 a.m. ET: Saudi coalition will hold its first press conference since Saturday’s attacks.
  • 10:00 a.m. ET: Iranian President Hassan Rouhani will hold a joint press conference with Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan in Ankara, as part of Syria peace talks.

Here’s where the attacks happened

The attacks in Saudi Arabia targeted two major oil facilities run by state-owned company, Aramco.

One of the sites, Abqaiq, is the company’s largest oil-processing plant and the largest crude oil stabilization plant in the world. The nearby Khurais oilfield was also hit.

Iran rules out Rouhani, Trump meeting at UN summit

There are no plans for a meeting between Iranian President Hassan Rouhani and US President Donald Trump at the sidelines of the United Nations General Assembly next week, Iranian officials said Monday morning.

“I do not approve of this meeting, nor is this meeting on our agenda, nor do I think it will happen in New York,” Iranian foreign ministry spokesman, Abbas Mousavi, told reporters. 

Although not planned, Mousavi stopped short of ruling out a meeting between the two leaders from ever happening if the US lifted sanctions.

“As we said earlier, If the Americans come back to the negotiating table and get rid of economic terrorism (sanctions), they can go back to the JCPOA (and continue talks),” he said.

Mousavi again called the US officials blaming Iran for the attack on Saudi oil facilities “unacceptable.”

He also dismissed the allegations as “lies against Iran.”


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