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After attacking Aramco’s refinery in Jizan, the Houthis appear to have bombed Saudi Aramco’s Abqaiq oil processing plant, the world’s largest oil processing facility. There are reports it is on fire. It produces 7 mb/d of crude.
Trump also suspended strikes against Iran: Trump stated that the US suspended strikes to allow for diplomatic efforts, but he cautioned that if negotiations are unsuccessful, military action will restart.
Iran disputed any direct engagement with Washington, claiming that its answer is still “attack for attack.”
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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.
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