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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Fears Emerge over Worsening Global Oil Prices

Kingdom Saudi Arabia Asharq AlAwsat Iran
General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

Saudi Arabia announced Monday that it would not bear responsibility for global oil shortages following attacks by Iran-backed Houthi militias affected the Kingdom’s production.

In a statement on Monday, the Saudi Foreign Ministry has called on the international community to assume its responsibility to preserve energy supplies, in order to deter attacks that jeopardize “the Kingdom’s production capability and its ability to fulfill its commitments.”

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