#SaudiArabia Vows Steps to Ensure Oil Supply, Deter Attacks - Bloomberg

Saudi Arabia Vows Steps to Ensure Oil Supply, Deter Attacks - Bloomberg

Saudi Arabia will take measures to ensure global energy security and deter attacks on its oil infrastructure, Foreign Minister Prince Faisal bin Farhan said in Riyadh on Wednesday, days after a missile and drone assault on Saudi Aramco facilities.

The attack on Sunday targeted a key crude installation of the state oil company and was claimed by Iran-backed fighters in neighboring Yemen who are battling a Saudi-led coalition. It was intercepted but represented a serious escalation, stirring regional tensions at a time when U.S. President Joe Biden aims to re-enter nuclear diplomacy with Tehran.

“The failed attempts to target the port of Ras Tanura do not only target the security of the economy and Saudi Arabia. They target the global economy and its oil supplies and the global energy security,” Prince Faisal said at a press conference alongside his Russian counterpart Sergei Lavrov.

“The kingdom will take necessary and deterrent measures to protect its national resources to preserve global energy security and stop the terrorist attacks to ensure stability of energy supplies and security of petroleum exports,” he said.