3/21, 12:26 PM (Source: TeleTrader)
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S. Arabia warns on oil shortfall after recent Houthi attacks

The Ministry of Foreign Affairs of Saudi Arabia expressed on Monday that its country will not be responsible for any shortage of oil supplies to world markets following recent attacks on its oil facilities by Houthi militias.

The statement expressed that the attack, "backed by Iran," emphasizes the importance of the international community being aware of the "danger posed" by Iran in providing "the Houthi terrorist militias with sophisticated ballistic missile and drone techniques." These attacks, the press release insists, will affect "the production of oil and gas and its derivatives in the kingdom."

Previously, Yemen's Houthi rebels attacked Saudi Aramco's refinery in Saudi Arabia's south-western region of Jazan. In turn, the Saudi-led Yemeni coalition declared that it destroyed an "explosives-laden boat" in Al Hudaydah, Yemen's largest port on the Red Sea.

Baha Breaking News (BBN) / JG