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The attack on the Abqaiq oil facilities in Saudi Arabia has sparked geopolitical tensions but has had only a minor impact on oil prices. Hamad I Mohammed/Reuters

Attacks on Saudi oil – why didn’t prices go crazy?

Energy-wise, the fallout from the attack on Saudi oil facilities has so far been very muted. The surge in oil production in the US over the past decade helps explain why.
Navy boats from the United Arab Emirates next to the Al Marzoqah of Saudi Arabia, one of several international oil tankers attacked in the Gulf in May 2019. The Saudi government has blamed Iran for acts of sabotage. Reuters/Satish Kumar

What does the Trump administration want from Iran?

A showdown with Iran over some oil tanker attacks in the Persian Gulf could push the US into its next Mideast war, writes a scholar of military aggression.

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