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

Bureau Veritas Expands Offshore Services with New Asia Hub

Philippines Seeks US Extension to Buy Russian Oil

Iran-Linked Tankers Sail Through Hormuz Before US Blockade

UK Declines to Support US Hormuz Blockade, PM Starmer Says

Middle East Producers Gear Up for Hormuz Export Restart

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Oil Shoots Over $110 as Trump's Iran Deadline Looms

Iran Assures Safe Hormuz Transit for Philippine Vessels

UAE Stands Ready to Join Force to Reopen Strait of Hormuz

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Current News

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

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