It boils again in the Middle East. Oil prices have gone up

On Saturday, 10 drones attacked the largest refinery in Saudi Arabia. The plant that processes 7 million barrels oil per day, significantly reduced work. Oil prices shot up 12 percent on Monday, shares lose value.

The attack on Abquiq oil processing plant in Bukajk on the west coast of Saudi Arabia occurred on Saturday 14.09.2019 year. 10 drones were used that most likely bombed the refinery.  As a result, the plant exploded with numerous fires that destroyed, among others, key installations of the Armaco refinery, a state giant belonging to the government of Saudi Arabia. Estimation of losses is ongoing, but it is already known that oil production in Saudi Arabia has halved.

The attack was carried out by Yemeni Houthi troops, which have already confessed to it by posting videos of the fires on social media. It is a rebel group that has been fighting with the Yemen government for years. Yemen, on the other hand, is helped in suppressing the rebels by wealthy Saudi Arabia, hence the militants' attack on its refinery. But would the defeated warriors who carried out mainly guerrilla attacks and simple bomb ambushes be able to plan, organize and carry out such a successful action themselves? Many sources say not and point to complicity. They are supposed to be Iranians. Such claims include Salman Al-Ansari, founder of the US-Saudi Public Affairs Committee, whose voice in this region means a lot.

Donald Trump ready for war

It didn't take long for the US response. US Secretary of State Mike Pompeo makes no secret that he is convinced who is behind the attack.

"Iran launched an unprecedented attack on global energy supplies" - wrote Mike Pompeo on Twitter.

US President Donald Trump is more cautious in pointing out those who are to blame - which may be surprising, given the long years of not choosing words - US President Donald Trump.

“Saudi Arabia's oil resources have been attacked. There are premises that lead us to believe that we know the perpetrator. We are armed and ready to launch, but we are waiting for confirmation of this information from the Kingdom and for the determination of the conditions for the next action. " - we read on Twitter of the president of the most powerful country in the world.

Does this mean that we can expect an armed conflict between the US and Iran, which has been accused of working on nuclear weapons for many years despite an international ban? The Iranians do not intend to ignore the statements of the US authorities. Admittedly, spokesman for the Iranian Ministry of Foreign Affairs, Abbas Mousavi said such statements are "Pointless"but other Iranian representatives were not so diplomatic.

"Remember that all American bases and aircraft carriers that are up to 2 km from Iran, they are within the range of our rockets " - warns one of the commanders of the Iranian Revolutionary Guard.

Oil prices up, uncertainty in the stock market

The reduction in crude oil processing immediately translated into the price of the raw material. If someone used the tactics of buying oil for the weekend in the last few weeks in anticipation of the weekend outbreak of conflict, then they finally lived to see it. And huge profits. Oil prices opened by 12 percent higher compared to Friday closing. Admittedly in the morning "Gave away" some increases, but still after 8 and it was so easy to close 10 orders. higher than on Friday.

Chart oil, D1 interval. Source: xNUMX XTB xStation

The possibility of the outbreak of war also translated into share prices. Before trading, contracts on all major indices fall. Both German DAX and US US500 lost about 0,5 after approx.