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

Oil Drops 7% After Trump Predicts War Could End Soon

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Remazel Expands Offshore Services Footprint in Brazil with H Tech Acquisition

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Qatar LNG Halt Forces Asia to Seek Alternative Supplies

Seatrium Targets $40M Cost Savings in Continued Divestment Drive

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

Woodside to Supply LNG to JERA During Japan's Winter Peak

DOF Bags Two Deals in Asia-Pacific Region

Current News

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

PTTEP Picks Everllence Compressors for Thailand’s Offshore CCS Project

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Iran War Exposes Risks of Fossil Fuel Dependence

Sunda Energy Secures Environmental License for Drilling Ops off Timor-Leste

Oil Drops 7% After Trump Predicts War Could End Soon

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

OSV Market: Asia Pacific Downshifts for the Long Haul

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