Oil prices soared on Monday after the drone attacks on oil in Saudi Arabia. Prices saw their biggest in a decade. At one point, prices shot up by 20 per cent. This is the biggest one-day rise since the 1990-91 Gulf War. Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the drone attack on Saudi Arabia's Abqaiq oil cut the kingdom's oil production in . The attacks will cut the world's oil production by five per cent. The Bloomberg news said it could take weeks for Saudi to repair the . During this time, people could see higher gasoline at the pumps, especially in Asia. People may also have to pay higher prices for food and other .
Yemen's Houthi group has claimed for the attacks in Saudi Arabia. The group said the attacks were of Saudi Arabia's attacks on rebel in Yemen. Iran's President Hassan Rouhani supported the Houthi claim. He called the attack an of self defense. He said: "Yemeni people are exercising their legitimate of defense. The attack was a reciprocal to years of Saudi aggression against Yemen." However, an Arab coalition says there is that the weapons used to strike the Saudi oil plants were made by Iran. U.S. officials say satellite suggest the attacks came from Iraq or Iran and not Yemen. Iranian officials called the U.S. allegations " lies".
