Saudi Attack

Iran's Foreign Ministry dismissed the report and said in the statement on Friday that the UN might have prepared the report under the "political pressures" of the United States

A shortfall in assured LPG supply from Saudi Arabia has created a huge booking backlog across states such as Maharashtra, Karnataka, Punjab and Goa

Iran has denied involvement in the Sept 14 attack in Saudi Arabia that was initially claimed by Yemen's Iranian-backed Houthi rebels

It has been a choppy week for oil prices that surged past the $70 a barrel mark after the largest-ever disruption of crude production in Saudi Arabia amid drone attacks on its key facilities.

Pompeo has blamed Iran for the weekend assault on two facilities which wiped out half of Saudi oil production, dismissing its denials and condemning the "act of war"

Saudi authorities are preparing to release what they say is evidence of Iranian involvement in the attacks

Brent crude oil futures fell 36 cents, or 0.6 per cent, to $64.19 a barrel, after tumbling 6.5 per cent the previous session.

There are expectations that the largest-ever disruption of crude production in Saudi Arabia may keep oil prices elevated in the near term

US Secretary of Defense Mike Esper also singled out Iran as a regional destabilizing force, while stopping short of directly accusing Tehran over the strike

Haley accused Tehran of a "blatant violation" of UN Security Council obligations