MIDEAST STOCKS-Saudi stocks tumble after oil plant attacks - Agricultural Commodities - Reuters:
Saudi Arabian stocks dropped sharply in early trade on Sunday after attacks on the kingdom’s two key oil plants on Saturday halted more than half of Saudi output.
Other major Gulf markets also traded down.
Attacks were claimed by the Iran-aligned Houthi group, however U.S. Secretary of State Mike Pompeo accused Iran of leading the attacks and ruled out Yemeni involvement.
The attack knocked out more than half the kingdom’s output and over 5% of global oil supply, in a move expected to send oil prices soaring and increase tensions in the Middle East.
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