U.S. 'locked and loaded' after Saudi attack

Video Credit: Reuters Studio - Duration: 01:41s - Published
U.S. 'locked and loaded' after Saudi attack

U.S. 'locked and loaded' after Saudi attack

U.S. President Donald Trump said the U.S. is "locked and loaded" after the attack on Saudi oil, and has "reason to believe that we know the culprit." Meanwhile, analysts are warning that if the price of oil stays at record highs it could further risk a global recession.

Michelle Hennessy reports.

"Locked and loaded," that's the message from President Donald Trump - who said the U.S. was primed after weekend attacks on the world's largest oil-processing facility in Saudi Arabia.

Trump tweeted on Sunday (September 15) saying "There is reason to believe that we know the culprit." U.S. Secretary of State Mike Pompeo also took to Twitter, blaming Iran for the attack on state oil giant Aramco, instead of Yemen's Houthi rebels who have claimed responsibility.

So far, Iran has denied involvement in the strikes, which have wiped out five percent of global oil production.

But have warned they're ready for full-fledged war.

It's inflaming investor concerns about the state of US-Iran relations, and stability in the middle east.

Satellite images released on Sunday showed huge plumes of thick black smoke over the Saudi facility.

The attacks pushed oil prices to four month highs on Monday (September 16) amid concerns over global supply.

Brent crude posted its highest percentage gain in a single day of trading in nearly three decades.

Aramco has not given a timeline for when they'll fully recover from the attack.

And analysts are warning over the effects that could have in the coming weeks and months.

An oil price hike could impact the entire economic chain of big importers like China.

One analyst told Reuters a disruption in oil supply could bring dire consequences to the global economy, and increase the chances of a world-wide recession.

You Might Like

💡 One News Page Knowledge: Other News Mentions

Donald Trump Donald Trump 45th president of the United States

9/28/20: Red and Blue

Fallout over NYT report on Trump's taxes; 2020 election to shape future of U.S. immigration
CBS News

Trump, Biden line up attacks for heated 1st debate

In an election year like no other, the first debate between President Donald Trump and his Democratic challenger, Joe Biden, could be a pivotal moment in a race..

2020 election to dictate U.S. immigration policy for decades to come

Some officials at the Department of Homeland Security say they expect President Trump to have a lasting impact on U.S. immigration policy, even if he loses the..
CBS News

How Biden is preparing for the biggest debate of his life.

The first debate between Joseph R. Biden Jr. and President Trump on Tuesday represents one of the president’s last, best chances to move a race that polls show..

2020 Daily Trail Markers: Debate prep is in full swing for Trump and Biden

The first presidential debate will be held on Tuesday.
CBS News

Saudi Aramco Saudi Aramco Saudi Arabian petroleum and natural gas company

Apple Hits $2-Trillion Market Cap [Video]

Apple Hits $2-Trillion Market Cap

Apple just became the first US-listed company to reach a $2 trillion market capitalization. Apple shares rose 1.2% to an all-time high of $467.84 per share on Wednesday to reach the $2-trillion milestone. Oil giant Saudi Aramco is the only other publicly listed company to ever hit a $2 trillion market value. Apple recently announced its fifth stock split in an effort to appeal to a broader base of investors. Business Insider reports Apple is set to enact a 4-for-1 split of its shares next Monday.

Credit: Wochit News    Duration: 00:28Published
Apple Is The World's Most Valuable Company [Video]

Apple Is The World's Most Valuable Company

On Thursday, Apple released a blockbuster earnings report. On Friday, Apple shares surged as much as 7%. Apple's market capitalization briefly overtook Saudi Aramco's on Friday, dethroning the oil giant as the most valuable company in the world. Apple's market value at $1.762 trillion. Apple's recent tear has sent shares up roughly 39% year-to-date. The company also on Thursday announced a 4-1 stock split, which it said would help it appeal to a broader range of investors.

Credit: Wochit News    Duration: 00:34Published

Saudi Arabia Saudi Arabia Country in Southwestern Asia

Saudi Arabia to host first Ladies European Tour golf week with back-to-back tournaments

Saudi Arabia is to host its first professional tournaments for women in November, with two Ladies European Tour events scheduled to take place.
BBC News
Government considering to start application submission of Haj 2021: Naqvi [Video]

Government considering to start application submission of Haj 2021: Naqvi

Union Minority Affairs Minister Mukhtar Abbas Naqvi on September 26 informed that government is considering to start process of Haj 2021 application from October-November. "We are considering to start the process including application submission for Haj 2021 from October-November. We will wait for Saudi Arabia's guidelines and hope that the pilgrimage takes place," said Minority Affairs Minister.

Credit: ANI    Duration: 01:20Published

Germany halts Iranian purchases of mini-engines for Houthi drones

German officials imposed a ban on the sale of model aircraft engines to Iran after a shipment ended up in drones used by the Houthis in Yemen to attack Saudi..

Saudi Arabian dissidents launch opposition party to end "repression"

The group of exiled Saudis in the U.K., the U.S. and elsewhere say their goal is to avert "absolute dictatorship and pave the way for democracy."
CBS News

Mike Pompeo Mike Pompeo 70th U.S. Secretary of State and former director of the C.I.A.

Mike Pompeo doesn't care if you know he's corrupt

Prior to ex-House Republican Mike Pompeo becoming Trump's secretary of state, it was generally understood that U.S. secretaries of state were not allowed to use..

Pompeo Will Visit Athens, Thessaloniki, Crete to Sell US Support

WASHINGTON -- While US President Donald Trump has aligned himself more with Turkey as it provokes Greece, Secretary of State Mike Pompeo is due to visit Athens,..

In Wisconsin, Pompeo warns against Chinese

MADISON, Wis. -- Secretary of State Mike Pompeo warned Wednesday that China was attempting to influence state and local governments, including through seemingly..

Pompeo’s Quest to Redefine Human Rights Draws Concern at U.N.

European allies are skeptical of Secretary of State Mike Pompeo’s push to elevate religious liberty and property rights, which they fear could come at the..

Vatican, China prepare to renew historic deal to US anger

Shares The Vatican and China are preparing to renew a historic deal on the appointment of bishops that has slightly thawed icy relations -- much to the..

Houthi movement Houthi movement A political-religious armed movement in Yemen

Yemen gov’t, Houthis agree to exchange over 1,000 prisoners [Video]

Yemen gov’t, Houthis agree to exchange over 1,000 prisoners

Yemen’s warring sides agree to exchange more than 1,000 prisoners during UN-sponsored talks in Switzerland.

Credit: Al Jazeera STUDIO    Duration: 03:31Published
Yemen conflict: Huthi rebels and govt troops clash in Marib [Video]

Yemen conflict: Huthi rebels and govt troops clash in Marib

Credit: FRANCE 24 English    Duration: 05:14Published

Yemen Yemen Country on the Arabian Peninsula

Which non-violent revolutions will succeed?

The old calculation was simple and brutal: If you want to overthrow a tyrant, you must use violence. There was an occasional exception, like Gandhi’s use of..

Angelina Jolie donates to 6-year-olds’ lemonade stand raising money for Yemen

Two young philanthropists in London selling lemonade to raise money for Yemen got a generous contribution from one Hollywood star. Imtiaz Tyab speaks to the pair..
CBS News

Saudis warn of oil slick near decaying tanker, but offer no evidence

Yemen's civil war has turned a 45-year-old, crude-filled supertanker into a ticking environmental time bomb, but politics makes it hard to judge the length of..
CBS News

Related news from verified sources

Unprecedented drone attack on Saudi oil supply brings Middle East closer to brink of war

Unprecedented drone attack on Saudi oil supply brings Middle East closer to brink of war The Middle East moved closer towards a broad armed conflict on Monday following US accusations that...
WorldNews - Published

Saudi-led coalition: Initial findings show Iran arms used in Saudi attack

The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on...
Reuters - Published

Global spare oil capacity in U.S. hands after Saudi outage

An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's...
Reuters - Published Also reported by •SmartBrief

Tweets about this

Related videos from verified sources

Saudi Crown Prince Warns of ‘Total Collapse of Global Economy’ if There’s War with Iran [Video]

Saudi Crown Prince Warns of ‘Total Collapse of Global Economy’ if There’s War with Iran

Following attacks on two of his country’s oil facilities, Saudi Arabia’s Crown Prince Mohammad bin Salman warns that a war with Iran would result in “a total collapse of the global economy.”..

Credit: Veuer     Duration: 01:02Published
Yemen's Houthi rebels release Saudi attack video [Video]

Yemen's Houthi rebels release Saudi attack video

Saudi Arabia has not yet responded to a Houthi claim that 500 of its forces were killed or wounded in major attack.

Credit: Al Jazeera STUDIO     Duration: 01:37Published
Yemen's foreign minister blames Iran in UNGA speech [Video]

Yemen's foreign minister blames Iran in UNGA speech

Condemnation comes as Iran-backed Houthi rebels claim thousands of Saudi-backed fighters have surrendered following cross-border attack.

Credit: Al Jazeera STUDIO     Duration: 03:12Published