Market impacts Saudi Arabian officials stated that the attacks forced the shutdown of the facilities, cutting the country's oil production from 9.8 to about 4.1 million barrels of oil a day, losing 5.7 million barrels of oil a day or about 5% of global production. Initially, spokespeople stated that the plants were expected to return to their nominal capacity by 16 September 2019, and would use reserve oil to make up for the shortfall. However, other officials for the Saudi government estimated the time to restore full production would be "weeks, not days". Commodities and stock markets as well as other financial indicators jumped on worldwide market openings on Monday, 16 September.
Brent Crude oil
futures prices surged almost 20 percent, the largest surge in the commodity's price since the 1990
Invasion of Kuwait. Other markets also saw impacts from concerns on the oil supply, including U.S. gasoline and heating oil, Impact to the U.S., which had doubled its oil production in the last decade and was now the world's largest producer, was expected to be immaterial. By Tuesday, 17 September, Saudi Arabian officials from the energy ministry stated that the repairs to the Abqaiq facility will be much faster than originally anticipated. Further, the nation planned no reduction of current oil exports, and will use reserve storage to maintain the current levels. These announcements were seen to help calm markets, as oil market prices and other financial indicators dropped during trading on 17 September from the spike the previous day, though still remained at elevated levels which are expected to have impacts on prices across the globe. To expedite repairs, Aramco shipped in equipment from the United States and Europe. The IPO was launched in December 2019, with 1.5% of the company put to public trading on the
Tadawul exchange; it became the largest IPO ever at raised, and valuing the company at , making it the largest listed company at launch. On 27 September,
Bloomberg News reported that while production capacity and exports implied that the industry was almost back to normal, that view may be overly simplistic, with output 1.8 million barrels a day below the pre-attack level and capacity reported to be only 700,000 barrels below the Kingdom's maximum. Until further repairs and adjustments, customers may be asked to accept heavier oil than the grades originally purchased.
Domestic reactions The Saudi King,
Salman bin Abdulaziz, issued a statement on 17 September, calling the attack a "vandalism and coward attack" that threatens international security and global energy supplies and said the kingdom is able to respond to these attacks. The king also said the attack comes after a series of attacks against the kingdom.
International reactions The attacks raised concern over
political stability in the Middle East, coupled with the US' stance that the attacks may have originated from Iran. The United States is a close ally of Saudi Arabia, while its relationship with Iran
has been strained in 2019 as part of the overall Persian Gulf crisis. U.S. President
Donald Trump authorised the release of the
US Strategic Petroleum Reserve to help stabilize energy prices in the US. Trump further stated that the U.S. is no longer dependent on oil from the Middle East. Trump condemned the attack and stated on Twitter on 15 September that the U.S. military is "
locked and loaded" but is waiting to hear from the Saudis as to who they believe was the cause of this attack, "and under what terms we would proceed". In the days that followed, Trump stated that he did not promise to protect the Saudis, but will have to sit with them and "work something out". On 20 September, Trump issued a new round of economic sanctions against Iran, targeting the
Central Bank of Iran and the
National Development Fund of Iran, preventing them from purchasing American dollars; these sanctions had been established earlier but had been previously lifted after Iran had agreed to the Joint Comprehensive Plan of Action. The sanctions are aimed to prevent Iran from having the funds to support future strikes. On 15 September 2019, Reuters reported on remarks by international organizations by stating "U.N. Secretary-General Antonio Guterres condemned Saturday's attacks and called on all parties to exercise restraint and prevent any escalation. The European Union warned the strikes posed a real threat to regional security, and several nations urged restraint." Russian president
Vladimir Putin's spokesman
Dmitry Peskov, asked about the U.S. statements that Iran was behind drone strikes, said: "We have a negative attitude towards rising tensions in the region and call for all countries in the region and outside of it to avoid any hasty steps or conclusions which may deepen destabilisation." Chinese foreign ministry spokesperson
Hua Chunying, said in remarks quoted 16 September 2019 that while there is no "conclusive investigation", it is irresponsible to blame anyone for the attack, and added "we call on relevant parties avoid taking actions that bring about an escalation in regional tensions". Other nations called for waiting for results from investigations before stating who was behind the attack. Turkish President
Recep Tayyip Erdoğan said on 17 September 2019: "We have to look at how the conflict in Yemen started. This country was completely destroyed – who caused it?" That same day, Japan's defence minister said his country has not seen any intelligence showing Iranian involvement in the attacks. "We are not aware of any information that points to Iran," Defence Minister
Tarō Kōno told reporters at a briefing. "We believe the Houthis carried out the attack based on the statement claiming responsibility." Also on 17 September 2019, White House deputy press secretary
Hogan Gidley said the Trump administration "can't say definitively" that Iran was behind the attack. As of 18 September 2019, the United Arab Emirates had not yet attributed responsibility. Several international bodies and nations condemned the attack. The UN Secretary General condemned the attacks on Saudi Arabia, claimed by the Houthis, and UN Special Envoy to Yemen Martin Griffiths said the attack "carries the risk of dragging Yemen into a regional conflagration" and that "there is 'no time to waste' in ending four years of fighting between Houthi rebels and the internationally-recognized Government, supported by a Saudi-led coalition, which has pushed the country to the brink of famine."
Arab League in a statement by the General Secretariat on 14 September, strongly condemned the drone attacks and termed the attacks as "serious escalations" and called for preserving security of the country.
NATO Secretary General
Jens Stoltenberg "strongly condemned" the attacks and said Iran was "supporting different terrorist groups and being responsible for destabilising the whole region." In South Korea, the National Defence Minister
Jeong Kyeong-doo denounced drone attacks on oil facilities as "a reckless act" that harms global security and stability. Saudi Crown Prince
Mohammad bin Salman and South Korean President
Moon Jae-in agreed to strengthen partnerships between the two countries to fight against the terrorist attacks. During the Houthi "21 September revolution anniversary", the Houthi leader
Muhammad Ali al-Houthi, offered to halt all attacks on Saudi Arabia. He said that Saudi Arabia should in return end its war in Yemen. The Houthis also warned that if Saudi Arabia refused their peace offer the next attacks will be more painful. The UN Yemen envoy, praised the Houthi announcement and said it could send a "powerful message of the will to end the war". Russian President
Vladimir Putin offered to sell Saudi Arabia the advanced
S-400 missile system so it could use it against air attacks instead of continuing to use the
Raytheon Patriot missile system. However, Putin made this offer beside a chuckling Iranian President Rouhani in what was described as a "sublime bit of political trolling". By 11 October 2019, the United States had sent 3,000 additional troops to Saudi Arabia in response to the attack, which U.S. Defense Secretary
Mark Esper stated was to address "threats in the region" while protecting Saudi Arabia from "Iranian aggression". Secretive cyberattacks on Tehran internet capabilities followed the event and according to Iranian sources, a rocket attack on Iranian shipping in the Red Sea.
Uzi Rubin, a prominent Israeli military expert, described the attack as only one of the most audacious military surprises ever and a landmark event that bolstered Iran's prestige domestically and internationally in defiance of the US sanctions. ==See also==