The tensions between Saudi Arabia/UAE and Iran seem to be heading for a new showdown, as the media hype during the weekend has shown. Not only have unknown assailants attacked several oil tankers offshore the port of Fujairah, but drones now seem to have been targeting oil pumping stations nearby Riyadh. Two days after a news bombardment about a possible attack on 4 vessels, of which two were Saudi oil tankers, the attention shifted to the dual drone attack on two pumping stations of Saudi Aramco’s major oil pipeline connecting the Eastern Province with the Red Sea. Saudi Minister of oil, Khalid Al Falih stated to the press that the attack on two oil pumping stations has not disrupted oil production or exports of crude and petroleum products. Still, Al-Falih reiterated that the two separate attacks represent an increased threat to global oil supplies. The Saudi official also stated […]