SAUDI OIL ATTACKS: All YOU NEED TO KNOW
By Article Posted by Staff Contributor
The estimated reading time for this post is 180 seconds
Who conducted the attack on the Saudi’s Oil facilities on Sunday night is still not clear, but there are many more developments since we wrote about in this site on Monday? Here’s a timeline of what we know so far about the Saudi oil attacks:
Saturday 14, 2019
Drone attacks on massive and small oil facilities in Saudi Arabia. The attack removed roughly 5 percent of global supplies. Why and who conducted the strikes are unclear for now.
Sunday 15, 2019
Houthi militia in Yemen claimed responsibility right after the attacks, but President Trump believed that Iran conducted the attack and denied the Houthi’s claim. He tweeted on Sunday night that, “The U.S. Locked and Loaded.”
Monday 16,2019
Satellite images from the massive facility started emerging. The images showed that the facilities were hit with a combination of Drone and missiles. It was still unclear who did it, but Washington and Riyad (Saudi Arabia’s Capital) was more convincing that Iran conducted the attacks. However, Iran denied any wrongdoing. President Trump took a step from his Sunday night “Locked and Loaded” tweet and stated that he would like to avoid war with Iran.
Tuesday 17,2019
The U.S. Defense Department claimed on Tuesday that it has satellite images of Iran getting drones and missiles ready. Although it’s still unclear whether or not those drones and missiles were used in the Saudi Attacks, the Defense Department sees the activities as circumstantial evidence that Iran launched the strike in Saudi Arabia. U.S. Secretary of State Mike Pompeo is on his way to Saudi Arabia to formulate a response with the Kingdom.
Wednesday 18,2019
Saudi Arabia presented drone and missiles debris, which it says how oil attacks “unquestionably” sponsored by Iran.” Secretary Mike Pompeo stated that Iran carried out an “act of war.”
Thursday 19, 2019
Ever since his “U.S. Locked and Loaded” response, President Trump sounds noncommittal while his Secretary of State Mike Pompeo being more hawkish.
Iran’s Backstory
Back in 2015, Iran agreed on a long-term deal on its nuclear program with the P5+1 (U.S. France, UK, Germany, China, and Russia) gang. Iran has been developing its nuclear program for decades now. Iran claims that it is developing a peaceful nuclear program, but the P5+1 does not trust nor believe Iran.
The 2015 brokered deal, Iran agreed to cut back on its nuclear activities and would allow third-party inspectors in return for relief on economic sanctions.
President Trump did not like that deal as a citizen and candidate. Shortly, after he took office, he withdrew from the agreement and placed more severe economic sanctions back on Iran.
The new economic sanctions are hurting the Iranian economic, mostly its oil export. So, Iran attacking Saudi Arabia, which is the U.S. biggest ally in the region, oil facilities should not be surprising to anyone. However, the evidence is still unclear.
Friday 20,2019
Saudi Arabia presented drone and missiles debris on Wednesday stated that the oil attacks were “unquestionably” sponsored by Iran.” In response to Mike Pompeo, Iranian Foreign Minister Mohammad Javad Zarif tweeted that, “Iran has no desire for war, but we will, and always have, defend our people and our nation.”
The Concern (s)
The number one concern for the American Middle-Class is oil prices. They will most likely surge in the next two weeks. The main concern for the world; however, is how President Trump decides to retaliate if it turns out that Iran didn’t just sponsor the attacks, they orchestrated them. Because of President Trump ‘s instable relationship with the staunchest U.S. allies, a consensus response to Iran aggression will be complicated.
RELATED ARTICLES
How to Overcome Intergenerational Poverty
The estimated reading time for this post is 666 seconds Intergenerational poverty is a condition where poverty is passed down from one generation to another. The poor decisions that parents make affect children over several generations to come. For example,...
Are Big Market Cap Companies Too Big to Fail
The estimated reading time for this post is 176 seconds Too big to fail banks and nonbank financial companies are still a problem. Moreover, many companies across new sectors and industries have become part and parcel of the U.S. economy....
Leave Comment
Cancel reply
Investors Need to Netflix and Chill
Here’s the Best and Cheapest City to Move to in Every State for 2022
How to Overcome Intergenerational Poverty
Gig Economy
Resources / Apr 20, 2022
Investors Need to Netflix and Chill
The estimated reading time for this post is 173 seconds Investors need to Netflix and chill and cancel all the noise coming from Wall Street analysts. ...
By MacKenzy Pierre
American Middle Class / Apr 18, 2022
Here’s the Best and Cheapest City to Move to in Every State for 2022
The estimated reading time for this post is 1953 seconds First and foremost, moving to a new state or city is a big decision, and buying...
By Article Posted by Staff Contributor
American Middle Class / Apr 12, 2022
How to Overcome Intergenerational Poverty
The estimated reading time for this post is 666 seconds Intergenerational poverty is a condition where poverty is passed down from one generation to another. The...
By FMC Editorial Team
American Middle Class / Mar 29, 2022
The Complete Home Buying Guide
The estimated reading time for this post is 752 seconds Buying a home for the first time might be difficult, especially right now with the median...
By Article Posted by Staff Contributor
American Middle Class / Mar 15, 2022
Credit Card Fixed-Interest Loans: Explained
The estimated reading time for this post is 150 seconds As American household debt rises, credit card fixed-interest loans are becoming a significant percentage. Credit card...
By Article Posted by Staff Contributor
American Middle Class / Mar 06, 2022
Are Big Market Cap Companies Too Big to Fail
The estimated reading time for this post is 176 seconds Too big to fail banks and nonbank financial companies are still a problem. Moreover, many companies...
By MacKenzy Pierre
American Middle Class / Mar 03, 2022
Are You Money Smart?
The estimated reading time for this post is 92 seconds Financial literacy and education are more critical now than ever. Every day, American consumers have to...
By Article Posted by Staff Contributor
American Middle Class / Feb 27, 2022
The Return of Fundamentals
The estimated reading time for this post is 96 seconds The return of fundamentals is here. So far this year, investors are behaving more like Warren...
By MacKenzy Pierre
American Middle Class / Feb 27, 2022
A Case for Mandatory Personal Finance Education in Public Schools
The estimated reading time for this post is 464 seconds In America, there is a massive knowledge gap America when it comes to personal finance. This...
By Article Posted by Staff Contributor
Credit Cards / Feb 21, 2022
3 Best Everyday Credit Cards
The estimated reading time for this post is 162 seconds Everyday credit cards provide cardholders with price protection, cashback rewards, rental car insurance, and more excellent...
By Article Posted by Staff Contributor
Latest Reviews
Resources / Apr 20, 2022
Investors Need to Netflix and Chill
The estimated reading time for this post is 173 seconds Investors need to Netflix and...
American Middle Class / Apr 18, 2022
Here’s the Best and Cheapest City to Move to in Every State for 2022
The estimated reading time for this post is 1953 seconds First and foremost, moving to...
American Middle Class / Apr 12, 2022
How to Overcome Intergenerational Poverty
The estimated reading time for this post is 666 seconds Intergenerational poverty is a condition...