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Fitch downgrades Saudi Arabia’s debt rating amid fears of further oil-field attacks

Fitch Ratings said Saudi Arabia's deteriorating balance sheet and rising fiscal deficit also contributed to the downgrade.

Saudi’s crown prince warned oil prices could go ‘unimaginably high’ unless ‘firm action’ is taken on Iran

"Only a fool would attack 5% of global supplies," he told CBS. "The only strategic goal is to prove that they are stupid and that is what they did."
Oil is plummeting on a report that oil production will be back to normal by next week.

Oil is plunging after a report that Saudi Arabia is set to fully restore production by next week

The drop followed a rally after a weekend report that production would take longer than thought. "No one knows what’s accurate info!" said one analyst.
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.
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.
Satellite imagery shows thick black smoke after the oil-field attack at Abqaiq on September 14, 2019.

Saudi Arabia appears to have been powerless to stop the oil-field attack because of its antiquated air defenses and internal dysfunction

It appears to explain why the attacks on Saudi Aramco's oil fields were so successful despite the considerable resources deployed to stop it happening
Prince Abdulaziz bin Salman, Saudi Energy Minister, speaking to a press conference on Tuesday evening.

Saudi Arabia says the oil facility hit by drones and missiles will be fully functional again in 12 days

Prince Abdulaziz said Saudi Aramco has emerged "like a phoenix from the ashes" after Saturday's drone strikes on the Khurais and Abqaiq oil facility.

Oil tumbles on report Saudis will soon recover 70% of daily production

Oil posted its largest-ever single-day jump on Monday after an attack on Saudi oil facilities disrupted production.
A composite image of US President Donald Trump, Saudi Crown Prince Mohammed bin Salman, and Iranian President Hassan Rouhani.

Trump says he has ‘a lot of options’ to punish Iran if it was behind the Saudi oil attacks. He doesn’t.

Trump has repeatedly said he doesn't want to get the US into another war, and looks to have already exhausted all economic and diplomatic routes.
President Donald Trump (R) meets with Mohammed bin Salman, Deputy Crown Prince and Minister of Defense of the Kingdom of Saudi Arabia, in the Oval Office at the White House, March 14, 2017 in Washington, DC.

If US claims of how the Saudi oil attack went down are true, then the failure to prevent it is a huge embarrassment

Questions have been raised how the US military missed 17 strikes fired through the best-defended and most intensively monitored airspace on earth.