US oil prices spiked as coordinated strikes on key Saudi Arabian oil facilities knocked out half of the country’s oil capacity last weekend. That’s about 5% of world’s daily global oil supply. Though Yemen’s Houthi rebels said they’re responsible for the attacks, evidence showed that Iran or Iraq was behind the attack.
strategic petroleum reserve（名詞）戰備石油儲備
On Monday, US President Trump downplayed the dangers of the attack on Saudi Arabian oil facilities wreaking havoc in international oil markets, saying the US is well positioned with the strategic petroleum reserve.
The Ministry of Foreign Affairs of Saudi Arabia issued a statement on Monday, saying investigations are ongoing to determine the source of the attack. “The Kingdom affirms that it has the capability and resolve to defend its land and people, and to forcefully respond to these aggressions,” the statement added.