Saudi Arabia says it's not responsible for high oil prices

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Saudi Arabia says it's not responsible for high oil prices
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An attack by Yemen's Houthi rebels over the weekend reduced production at a key petrochemical plant.

targeting the kingdom's oil and natural gas production. The Saudi Energy Ministry had said the attacks at the Yanbu petrochemicals complex on the Red Sea coast led to a temporary drop in oil output.

The drone and missile strikes ignited a fire at a tank at a petroleum distribution center in the Saudi port city of Jiddah and affected production at the gas facility in Yanbu. The overall extent of damage at the installations remained unclear. The Saudi government condemned the attacks, saying they threatened the security of oil supplies"in these extremely sensitive circumstances" in the global energy market.

The relentless wave of strikes on Sunday marked one of the most intense Houthi barrages on the kingdom, exposing Saudi defense vulnerabilities and recalling the dramatic September 2019 attacks on two key oil installations that knocked out half of Saudi Arabia's total oil production. The White House sharply condemned the strikes and pledged to support Saudi Arabia's defenses and denounced the Houthis as proxies of Iran. Late Sunday, a senior administration official confirmed that the United States has transferred a significant number of Patriot antimissile interceptors to help Saudi Arabia defend itself against Houthi drone and missile attacks.

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