Russia: oil price hike reflects risks after attacks on Saudi oil


  • World
  • Tuesday, 17 Sep 2019

FILE PHOTO: Russian Energy Minister Alexander Novak adjusts glasses during a meeting chaired by Prime Minister Dmitry Medvedev in Astrakhan, Russia August 30, 2019. Sputnik/Dmitry Astakhov/Pool via REUTERS

ANKARA (Reuters) - The spike in global oil prices on Monday was expected as prices need to reflect risks after an attack on Saudi Arabia's oil infrastructure, Russian energy minister Alexander Novak told reporters late on Monday.

The attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was "locked and loaded" to hit back.

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