Saudis: Iran Created "Very Grave" Gulf Situation

by Guy Faulconbridge
Thursday, June 20, 2019

Iran has created a grave situation and jeopardized global oil supplies with its aggressive behavior, Saudi Arabia's minister of state for foreign affairs said on Thursday, adding that the kingdom was consulting with allies on next steps.

The United States and Saudi Arabia are among countries that have blamed Iran for attacks on oil tankers near the Strait of Hormuz, a major transit route for global oil supplies. Tehran has denied involvement.

"I think the situation is very grave because of the aggressive behaviour of Iran," Adel al-Jubeir told reporters in London.

"When you interfere with international shipping it has an impact on the supply of energy, it has an impact on the price of oil which has an impact on the world economy. It essentially affects almost every person on the globe." 

Reuters, Reporting by Guy Faulconbridge

Categories: Offshore Maritime Security Government Update Logistics Offshore Energy

Related Stories

Hormuz Crossings Decline as US Renews Iran Blockade

James Fisher, Aquaterra Launch Global Decommissioning Partnership

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Oil Climbs on US-Iran Deal Uncertainty

Oil Hits Four-Month Low After US-Iran Doha Talks

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Floating Nuclear: A New Offshore Energy Frontier

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

Post-War Gulf Faces Push for Alternative Export Routes

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Current News

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Jadestone Energy Lifts Malaysia Production with Second Online Well

Searah Malaysia Starts Upstream Oil and Gas Operations

Inpex Starts Construction of Indonesia's Abadi LNG Project

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Rises 2% as Middle East Hostilities Escalate

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com