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People are worried that labor strife, oil shocks, and the Fed could lead to an economic disaster — here’s why they shouldn’t

People are worried that labor strife, oil shocks, and that the Fed could lead to a 1970s-style economic disaster. That's not going to happen.
Workers are seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019.

US is sending troops to Saudi Arabia after the devastating drone and missile strikes on Saudi oil fields

On Friday, Defense Secretary Mark Esper and Gen. Joseph Dunford the chairman of the Joint Chiefs of Staff, laid out the US response.
A hole in a damaged pipeline is seen at Saudi Aramco oil facility in Khurais, Saudi Arabia, September 20, 2019.

Photos show the scale of the destruction caused by the drone attacks on 2 Saudi Arabian oil facilities

Photos taken at the Khurais and Abqaiq oil refineries by Western journalists show masses of twisted, burned-out metal after the drone attacks.

The Saudis say these cruise missile parts from the oil plant attacks are ‘undeniable’ proof of Iran’s secret hand

At a press conference on Wednesday, the Saudi defense ministry presented its evidence that Iran played a role in last weekends attacks.
President Donald Trump is facing mounting pressure to react more forcefully to the disappearance of Saudi journalist Jamal Khashoggi.

Barely 1 in 5 Americans view Saudi Arabia as a US ally — as Trump weighs military action against Iran over attacks on Saudi oil facilities

Only 22% of respondents said Saudi Arabia was a US ally. The American public has held the Saudi government in low regard for almost two decades.

Trump and Iran may be on the brink of a war that would likely be devastating to both sides

A war with Iran would likely be disastrous and further destabilize a region that's been consumed by conflict for years.
Iran's Foreign Minister Mohammad Javad Zarif speaks during a news conference in Tehran

Iran’s foreign minister warned of ‘all-out war’ if the US launches a military response to Saudi oil attack

"We won't blink to defend our territory," if attacked by the US Javad Zarif said in an interview with CNN after a Saudi oil facility was attacked.
Secretary of State Mike Pompeo takes part in a meeting with Saudi Arabia's Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, on September 18, 2019.

Just 13% of Americans would support US military going to war over Saudi oil field attack

There's not significant support the for the US involving itself in a Saudi war or taking military action on its behalf as a result of the oil attack.
Secretary of State Mike Pompeo looks on as President Donald Trump attends a bilateral meeting with Japanese Prime Minister Shinzo Abe (not pictured) during the G20 leaders summit in Osaka, Japan, June 28, 2019.

Pompeo inadvertently admitted the Iran crisis is a ‘direct result’ of Trump’s actions

"There is a direct line you can draw from Trump's violation of the Iran deal and the risk of conflict today," one former US official told Insider.

The Saudis say Iran was behind the strikes on its major oil sites, but the last thing they want is war

Saudi Arabia has said the attacks on its oil sites were "unquestionably sponsored by Iran," but the country appears hesitant to escalate tensions.