Saudi Arabia has reported that drone attacks struck several of the country’s critical oil facilities, disabling over half of its daily oil production capability. Houthi rebels in Yemen claimed responsibility, however, there is some evidence that suggests Iran may have been involved in or even coordinated the attack. Tehran has denied any involvement. Following the drone attacks, oil prices rose to above $71 per barrel in the largest single-day jump in roughly 30 years. President Trump has signaled that he is considering a military response against Iran but would first need to speak with Saudi Arabia.
