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hemanthaa@mail.com

Saudi oil facillities under attack from drones: oil price: feeble gains dipped afterwards - before picking up

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(edited)

houthi-drones-saudi-arabia.gif

Houthi rebels in Yemen attacked Saudi oil facillities using drones, causing fire. Although it was brought under control, the risk remains high for further attacks. Saudi Arabia, meanwhile, warnt against global oil supply distruption, if attacks of this nature continues; it shows the frustration of the Kindgom for not getting enough support from the international players to keep the threat at bay.

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Edited by hemanthaa@mail.com
A new animation added

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So naturally the price dropped over 10%. I'm guessing no one believes any news anymore. They might be right

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Saudis are pretty helpless against the minnows, despite spending billionsĀ on modern weapons; it's high time they realized they could not win a war with just aerial attacks; they can learn something from Afghanistan about this failed strategy. Had it not for the US Patriotic missiles, the Kingdom would have been in deep trouble. They may not like Mr Biden, but they still need him!šŸ˜…

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