Global oil benchmark Brent crude rose 1.6 percent yesterday after Saudi Arabia reported a "cowardly" attack by Yemen's Houthi rebels on two oil pumping stations using "armed drones". -Iranian tension following Washington's decision this month to try to cut Iran's oil exports to zero and beef up its military presence in the Gulf in response to what it said were Iranian threats.
The Pentagon justified the naval deployment by citing "intelligence" of a possible looming Iranian attack on US interests in the region. Now, would I do that?
China on Monday ignored a warning from US President Donald Trump and moved to impose higher tariffs on a range of US goods including liquefied natural gas (LNG). Hopefully we're not going to have to plan for that.
In 1987, members of the Iran-backed Hezbollah Al-Hejaz set arson at a facility in the Ras Tanura oil complex in eastern Saudi Arabia.
"There won't be any war".
Gargash said the probe would be concluded within days.
Tehran is threatening to resume higher enrichment in 60 days if no new nuclear deal is in place, beyond the 3.67% permitted by the current deal between Tehran and world powers. Tehran had agreed to curb its uranium enrichment capacity, a potential pathway to a nuclear bomb, and won sanctions relief in return under the accord signed during the administration of Trump's predecessor Barack Obama.
Responding to the event, Mr Philippe told a French parliamentary session on Tuesday: "These acts of sabotage ... against four ships in the Arabian sea and near the UAE's territorial waters are obviously preoccupying".
The official said possible perpetrators might include Houthi rebels in Yemen and Iran-backed Shi'ite militias based in Iraq, but Washington had no hard evidence.
Iran has rejected the allegation and Iranian Foreign Minister Mohammad Javad Zarif said on Tuesday that "extremist individuals" in the US government were pursuing risky policies, amid a war of words with Washington over sanctions.
Pompeo crashes Brussels meeting of European Union diplomats for Iran talks
Secretary of State Mike Pompeo held talks in Brussels with the main European powers on the crisis. According to the agency, he has departed from Washington and is heading to Europe.
Yemen's Houthi rebels shot down a drone from the Saudi-led coalition over the capital Sanaa late Tuesday, Houthi-run al-Masirah TV reported Wednesday.
Saudi Arabia and the United Arab Emirates intervened in the Yemen war to bolster the internationally recognized government's efforts against the Huthis in March 2015.
What's really behind these series of attacks?
State-run Aramco said it had temporarily shut down the East-West pipeline, known as Petroline, for evaluation.
World leaders, Arab and Muslim organizations have condemned the attacks on the Kingdom's east-west oil pipeline and called for a united global effort to combat terror in the region.
The energy minister of Saudi Arabia, the world's largest oil exporter, said the latest attacks caused a fire, now contained, and minor damage at one pump station, but did not disrupt oil output or exports of crude and petroleum products.
U.S. West Texas Intermediate (WTI) crude futures were at $61.11 per barrel, up 7 cents, or 0.1%, from their previous settlement.
The kingdom's state-owned oil company did not specify the nature of the "sabotage" on the two oil tankers nor did it reveal who it believed had carried out the attack.
Meanwhile, the details around alleged acts of sabotage to four oil tankers, including two belonging to Saudi Arabia, off the coast of the UAE's port of Fujairah remain unclear.