U.S. may tap into oil reserves after attacks at Saudi oil sites

The announcement came after a National Security Council meeting with Secretary of State Mike Pompeo and Defense Secretary Mark Esper at the White House.

The decision also comes one day after a drone attack hit the heart of Saudi Arabia’s oil industry. The Trump administration has pinned the blame on Iran.

Iran pushed back hard, calling U.S. accusations “maximum lies” and threatening that its forces could strike U.S. military bases in the Middle East. Pompeo issued two tweets blaming Tehran — without proof — despite Yemen’s Houthi rebels claiming responsibility.

Lawmakers, like Representative Liz Cheney of Wyoming and Senator Adam Schiff of California, backed up Pompeo’s claims. “I think Secretary Pompeo’s statements yesterday were absolutely right,” Cheney said. “I think it’s very clear this was the Iranians.”

“I think it’s safe to say that the Houthis don’t have the capability to do a strike like this without Iranian assistance,” Schiff added.

Prior to Mr. Trump’s announcement, the Energy Department said it stood “ready” to tap into the strategic petroleum oil reserves if necessary to offset any disruptions.

Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, on Sat., Sept. 14, 2019. Reuters