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Trump says US 'locked and loaded' after attack on Saudi oil supply

CNBC logo CNBC 9/15/2019

President Donald Trump said the United States is "locked and loaded" after an attack on Saudi Arabia's oil supply, but his administration is waiting on Riyadh to determine who launched the strikes before proceeding on a course of action.

"There is reason to believe that we know the culprit," Trump said in a post on Twitter.

Drone strikes crippled the heart of Saudi oil production over the weekend, hitting the world's largest crude processing facility and the kingdom's second-largest oilfield. Aramco, Saudi's national oil company, was forced to cut production by 5.7 million barrels per day or about 50%.

Yemen's Houthi rebels claimed responsibility for the attack,  but the U.S. has pointed the finger at Iran. Secretary of State Mike Pompeo accused Tehran of launching an "unprecedented attack on the world's energy supply." 

Iran has dismissed those allegations as "meaningless," "not comprehensible" and "pointless." Foreign Minister Javad Zarif called on the Trump administration to hold talks. 

This is breaking news. Please check back for updates.

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