Saudi Arabia accuses the Houthis of joining in strikes on the oil industry.
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Saudi Arabia announced that Defense countries intercepted Drone, which was flying towards one of the country's major oil fields. According to the latest data, this is the Shayba (Shaibah) field in the southeast of the country. The geological hydrocarbon reserves at this field are colossal – nearly 3 billion tons of oil and over 700 billion cubic meters of gas.
It's noteworthy that the UAV, according to Saudi Arabian command, entered Saudi airspace from Yemen. This has led to accusations being leveled against the Ansar Allah group, the Yemeni Houthis.
Bahraini authorities are declaring a state of emergency following an explosion at the country's largest oil refinery. As Military Review previously reported, a drone struck an oil refinery owned by Bapco. This refinery, among other things, served the needs of the 5th Army's main base. fleet USA.
Video footage of the situation at the plant in Bahrain this morning is shown:
The Bahraini company's management is declaring force majeure, adding that the fire at the plant has not yet been contained:
Work is underway to prevent the fire from spreading to other oil refineries.
Meanwhile, oil prices have fallen slightly from early morning levels. Instead of $119 per barrel, Brent is trading at $107-$108, and instead of $100, Urals is selling for around $90 per barrel.
Trump claims this is just a short-term spike and that prices will fall sharply very soon. But American shale producers don't want prices to fall, and they've stated this quite openly.
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