• 4 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 7 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 10 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 13 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 32 mins More dumbed down? re Hong Kong Act of Congress
  • 21 hours EU has already lost the Trump vs. EU Trade War
  • 31 mins U.S. Shale Output may Start Dropping Next Year
  • 1 hour Winter Storms Hitting Continental US
  • 2 hours U.S. Shale To Break Records Despite Bearish Rhetoric
  • 56 mins Aramco IPO magic trick
  • 1 day Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 20 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 5 hours Petroleum Industry Domain Names
  • 2 hours Crazy Stories From Round The World
  • 1 day Article: Did Exxon only make $39 Million onshore U.S. last quarter ?
  • 20 hours PennEast Appealing Wacky 3rd Circuit Decision to Supreme Court
  • 1 day Visualizing Pennsylvania Oil & Gas Production (Through September 2019)
  • 1 day Last I Checked
  • 20 hours China 2019 - Orwell was 35 years out

Breaking News:

UK Oil Sector May Be Hit With More Taxes

Alt Text

Why Europe Won’t Give Up Russian Gas

As the Nord Stream 2…

Alt Text

Saudi Arabia’s Newest Tactic To Hush Dissidents

Just one week after Twitter…

Alt Text

U.S. Willing To Shoot Syrian Officials To “Protect The Oil”

United States military officials reaffirmed…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Iran's President Vows Revenge For Oil Tanker Attack

Iran will not leave the Friday attack on the Sabiti tanker unpunished, President Hassan Rouhani said during his first media conference in more than a year.

Bloomberg reports that the Iranian President also said government officials had seen footage of the attack and it suggested several rockets had been launched at the vessel. Rouhani did not say who Tehran believed the culprit was but did note that it looked like the party behind the attack was a government rather than a terrorist group.

“This wasn’t a terrorist move, nor was it carried out by an individual. It was carried out by a government,” Rouhani told media.

Iranian tanker Sabiti was attacked on Friday, off the Saudi coast near the port of Jeddah. The Saudi coast guard confirmed yesterday that the vessel had sent a distress signal, via email since its geolocation was switched off. The signal said the tanker had suffered damage in the front and that oil was leaking from it.

Initial reports in the Iranian media blamed the attack on Saudi Arabia, but later the National Iranian Tanker Company, which confirmed the attack, said there was no evidence pointing towards any one particular country. The only suggestion a NITC official made was that the missiles that are believed to have been used to strike the tanker may have “possibly” been fired from Saudi soil. Related: Buffett’s Big Bet On Energy

Rouhani first warned there will be a response to the tanker attack on Sunday. That was the first time he referred to the culprit as a country: “If a country thinks that it can create instability in the region without getting a response, that would be a sheer mistake.”

Saudi Arabia was quick to deny any blame.

“We did not engage in such behaviour at all. This is not how we operate and that’s not how we did (it) in the past,” Saudi Arabia’s foreign minister, Adel al-Jubeir, told media.

By Irina Slav for Oilprice.com

More Top Reads From Oillprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Mamdouh Salameh on October 15 2019 said:
    Out of three suspects, namely Saudi Arabia, the United States and Israel, the finger of accusation points to Israel.

    My reasoning is that though Saudi Arabia has a motive to retaliate against the attacks on its oil infrastructure, it wouldn’t take such a course of action because it will invite more damage to its oil assets. Furthermore, it doesn’t war Iran.

    Likewise, the United States wouldn’t have done it since this would have precipitated a war with Iran, something President Trump has been avoiding.

    Israel could be the culprit by virtue of having a strong motive to precipitate a war between the United States and Iran with the hope that the US will destroy Iranian nuclear installations. An added bonus is that Israel wants to nip in the bud any rapprochement between Saudi Arabia and Iran.

    The pivotal question is that if Israel was proven the culprit , would Iran then risk retaliating against it knowing full well that this would be the sure way of bringing the United States into war with it.

    I very much doubt such an eventuality because Iran doesn’t want a war with Israel and by extension the United States.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play