Locked & loaded to respond to Saudi oil attack: Trump
Monday, 16 September 2019 President Donald Trump said the US is "locked and loaded" to respond to an attack on Saudi oil infrastructure that Washington has blamed on Iran, as Riyadh raced to restart operations at plants hit by drone attacks. It is the first time the president has hinted at a potential American military response to the attack, which slashed Saudi oil production by half.
Analysts say US defense contractor Raytheon could be the biggest corporate beneficiary of the Saudi oil attack.
Markets Insider reports Saudi Arabia has the largest defense budget in the Middle East, making up 5% of Raytheon's sales.
In addition, Raytheon sells the NASAMS, a key missile defense...
Business Insider reports Saudi Aramco has delayed its scheduled mega-IPO. The world's largest oil company was poised to go public as soon as November. The plan was to first offer 1% or 2% of shares on..
An Iranian government spokesman on Saturday called the apparent targeting of an Iranian oil tanker by missiles a "cowardly attack" and said Iran would respond after the facts had been studied. Yahaira..