US ready to use strategic oil reserves after Saudi attacks: ministry
Economy News - Baghdad
WASHINGTON (Reuters) - The administration of President Donald Trump is ready to use the US emergency oil reserve if necessary after drone attacks on two oil facilities in Saudi Arabia, a Energy Department spokeswoman said on Tuesday.
Energy Minister Rick Perry is "ready to use resources from the Strategic Petroleum Reserve if necessary to offset any disruption in the oil markets as a result of this aggression," said Shaylin Heinz.
The Iranian-allied Houthi movement in Yemen claimed responsibility for Saturday's attacks on two plants in the heart of Saudi Arabia's oil industry, including the world's largest oil refinery in Abqaiq.
Haynes said Perry directed the ministry's leadership to work with the IEA in Paris "on possible options for collective global action if necessary."
The United States has at times coordinated with the IEA mass oil withdrawals from international reserves.
President Donald Trump has long urged members of the Organization of the Petroleum Exporting Countries (OPEC) to produce more oil to control crude prices.