Uses Houthi as a proxy to launch drone attacks against major Saudi refineries. No way that was Houthi tech or operational capacity to inflict that amount of damage. This could spiral out of control in a hurry as everybody with any sense knows that Iran did it. And that is exactly how Iran would use nuclear weapons if they get them and then claim plausible deniability. This takes 5M barrels per day plus off the world market. That is over 5% of the supply. And it is going to be down for quite a while. I don't see how they are back to production after looking at the scale of the fires shown on videos. Might want to fill your heating oil tanks now if you are up north. Look for gas to go up 0.20 to 0.30 next week Have to wonder if Iran is trying to diminish KSA production to try and get Trump to allow Iran to export to make up the void. If he does, he is an ever bigger fool than I think he is. U.S. Blames Iran for Attack on Saudi Oil Facilities Secretary of State Mike Pompeo blamed Iran for coordinated drone strikes on the heart of Saudi Arabia’s oil industry, saying they marked an unprecedented attack on the world’s energy supply. The strikes shut down half of the kingdom’s crude production on Saturday, potentially roiling petroleum prices and demonstrating the power of Iran’s proxies. Iran-allied Houthi rebels in neighboring Yemen claimed credit for the attack, saying they sent 10 drones to strike at important facilities in Saudi Arabia’s oil-rich Eastern Province. But Mr. Pompeo said there was no evidence the strikes had come from Yemen.