President Donald Trump announced on Sunday that he has authorized the release of oil from US strategic reserves after drone attacks cut Saudi Arabia’s crude production by half.
“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount,” Trump tweeted.
Trump also said on Sunday that the US is “locked and loaded” to respond to an attack on Saudi oil infrastructure that Washington has blamed on Iran.
“Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!” Trump tweeted.
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