Iran says tanker sabotage meant to stir conflict

WTI and Brent Crude Oil

Iran says tanker sabotage meant to stir conflict

Tuesday's events come on the heels of two Saudi oil tankers being among four vessels that were targeted in an unspecified "sabotage attack" on Sunday off the United Arab Emirates coast of Fujeirah - as well as Tehran announcing last week it would breach the 2015 Iran nuclear deal and return to higher levels of uranium enrichment if Europe doesn't protect it from the impact of the us sanctions.

He said the drones had targeted petroleum pumping stations supplying a pipeline running from its oil-rich Eastern Province to the Yanbu Port on the Red Sea.

Saudi Arabia said on Monday that two Saudi oil tankers were among vessels attacked off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of global crude supplies.

The government of Pakistan condemned the drone attacks on oil pumping stations in Saudi Arabia on Tuesday which was claimed by Yemen's Houthi rebels, according to a Foreign Office (FO) statement on Wednesday.

Main Saudi oil pipeline shut after attacks The droneattacks shut down one of Saudi Arabia's main oil pipelines Tuesday.

The Trump administration's sanctions are created to choke off Iran's oil exports, its main source of revenues, in an effort to force Iran to accept more stringent limits on its nuclear and missile programs. Although, Saudi Oil minister Khalid Al-Falih has responded now, saying that Yemen's Houthis has carried out the attack.

The UAE said on Sunday that four commercial vessels were attacked near Fujairah, one of the world's largest bunkering hubs.

The stations reportedly targeted lie west of Riyadh, at Dawadmi and Afeef. The coalition's stated goal is to restore Yemen's internationally recognized government to power, but the four-year conflict is as much as an attempt by the kingdom and its allies to prevent the spread of Iranian influence.

It quoted the Cabinet as saying that it was the worldwide community's shared responsibility "to preserve maritime safety and oil tankers' security in anticipation of any effects on energy markets and the danger of that on world economy".

Iranian officials have said that they could reach 20% enrichment within four days.

The photo, taken Tuesday after the attack, shows two black marks near where the East-West Pipeline passes by the facility. "Since early May, there is an increased possibility that Iran and/or its regional proxies could take action against United States and partner interests, including oil production infrastructure, after recently threatening to close the Strait of Hormuz", the warning read.

Tehran has been embroiled in an escalating war of words with the United States over stricter U.S. sanctions, which have cut its oil exports and tightened global supply.

Iran, using regional proxies, has been gradually scaling up its attacks against Saudi oil targets since 2003.

Al Jazeera reported Tuesday that US military officials are investigating that attack.

In a major incident that could have wide-ranging ramifications across the Middle East, Saudi Arabia said Monday two of its oil tankers were sabotaged off the UAE coast. US officials believe Iran encouraged Yemen's Houthi group or Iraq-based Shia militias to carry out the attack, two USA government sources said on Wednesday.

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