Saudi Arabia‘s new strongman, Prince Mohammed Bin Salman remains at loggerheads with Iran’s leaders. Is a new war on the horizon in the Middle East? Guests: Jamsheed Faroughi (DW), Peter Böhm (author), Shani Rozanes (Middle East analyst).
The attacks on Saudi Arabia’s oil production facilities could mean that a large chunk of its oil exports are sidelined for weeks. But the price spike that has followed may not last, as global demand has changed.
Fires broke out at the kingdom's largest oil processing plant and another site following drone attacks. The attacks have crippled the country's oil supplies.
US officials have suggested that Iran was behind the Saudi oil attacks, saying satellite images show it is unlikely that Houthis carried them out. Germany said it is working with partners to determine who is responsible.
The kingdom's oil production has dropped by 5.7 million barrels a day after Saturday's drone strikes on two processing facilities. As Riyadh and Washington point the finger at Tehran, the price of oil is set to rise.
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