What is Iran hoping to accomplish with the attack on Saudi oil facilities? And what should be the response?
The “mad mullahs” of Iran are the single most destabilizing influence in the Middle East and Iran is the world’s largest sponsor of terrorism. But while the mad mullahs have, since the 1979 Revolution, always been hyper-aggressive, pushing murder, mayhem and kidnapping to the very limit of what they can get away with on the international stage, what the mad mullahs haven’t been, until now at least, is suicidal. Did that just change with an attack on one of the world’s largest oil refineries?
In brief, Saudi Arabia runs the world’s largest oil processing facility at Abqaiq, which is responsible for 5% of the world’s oil and gas supplies. On Saturday, either Iran or an Iranian proxy attached it, using either drones or missiles. The fires have since been put out but the damage remains to be fully assessed. This is, any way you look at it, a profound escalation of the war in the Middle East, one that directly threatens the global economy. [Read more…]