The recent attack on Saudi Arabian oil is a watershed moment in the Middle East balance of power. It is also an opportunity.
It is yet unclear what exactly happened. A combination of drones and missiles coming directly from Iran or from their associates — the Houth rebels in Yemen — struck at the Khurais oil field and the al-Abqaiq facility, Saudi Arabia’s largest oil processing plant. The strike may have knocked out potentially half of the Saudi oil production, and has already affected global crude oil prices.
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