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Via ABC:

Iran launched nearly a dozen cruise missiles and over 20 drones from its territory in the attack on a key Saudi oil facility Saturday, a senior Trump administration official told ABC News Sunday.

It is an extraordinary charge to make, that Iran used missiles and drones to attack its neighbor and rival Saudi Arabia, as the region teeters on the edge of high tensions.

President Donald Trump warned the U.S. was “locked and loaded” to respond to the attack on Sunday, waiting for verification of who was responsible and for word from Saudi Arabia on how to proceed.

Here’s the Tweet:

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We shall see. Markets are still fairly calm.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.