Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      ‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme

      FCA sign

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Dallas, Boston, New York New Jersey: Inside England’s Fifa World Cup stadiums

      Getty Images logo against a sleek, modern background, representing the influence of media in the business world

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Glengarry Glen Ross at the Old Vic fails to close

      Glengarry Glen Ross production at Old Vic Theatre showcasing intense business negotiations and dramatic performances

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 18 September 2019 9:23 am  |  Updated:  Wednesday 18 September 2019 9:27 am

Iranian leader says Saudi attacks were ‘warning’ from Yemenis

By: August Graham

Add as a preferred source on Google

Iran this morning denied any involvement in a series of attacks on Saudi Arabian oil infrastructure over the weekend as the Saudis prepare to reveal “material evidence” of Tehran’s role.

Iranian President Hassan Rouhani said that the attacks had come as a “warning” from Houthi fighters in Yemen’s civil war, which he accused western countries of starting.

Read more: Oil prices plunge as Saudi production could come back online sooner than expected

“We don’t want conflict in the region … Who started the conflict? Not the Yemenis. It was Saudi Arabia, the Emirates, America, certain European countries and the Zionist regime which started the war in this region,” he said.

A Saudi-led coalition has provided air support to Yemen’s ousted government since 2015.

Saturday’s drone attacks on Saudi refineries knocked out half of the country’s oil production, pushing up global crude prices as much as 20 per cent on Monday.

The Saudis have promised they will today reveal evidence that Iran was behind the attacks.

At a press conference this afternoon, the government is set to unveil “material evidence and Iranian weapons proving the Iranian regime’s involvement in the terrorist attack.”

Read more

As it happened: Stocks jitter on stalling US-Iran talks; OECD unemployment warning

Donald Trump raising his fist in a confident gesture during a public appearance, symbolizing determination and leadership

Read more: Oil prices post record jump after attack on Saudi Arabia supplies

According to reports, US analysts have identified the exact location in Iran where they think they drones and cruise missiles took off from.

However other countries have asked for proof that Iran is to blame. Japan’s defence minister today said that he had not seen evidence of the claims.

Oil markets held fairly steady this morning after days of fluctuation. After Monday’s sharp rise, yesterday prices fell 6.5 per cent after the Saudis said their production would be up and running again sooner than expected.

Tensions have been ratcheting up in the Middle East around the vital Strait of Hormuz for months. International ships have been attacked and seized and an Iranian drone shot down by the US over the strait which is a chokepoint for a fifth of global oil supply.

Read more: Saudi oil attack: How high could oil prices go after record-breaking rise?

Relations between Washtington and Tehran, always tense, soured last year when US President Donald Trump ripped up a 2015 deal aimed to preventing Iran from getting nuclear weapons.

Export tariffs, which were lifted as part of the deal, have been re-imposed on the Islamic Republic.

Read more

Reeves warned Iran war oil shock will lead to government borrowing spike

Rachel Reeves speaking at an IOD event.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Markets

Related Topics

  • International
  • Oil prices

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

  • Starmer will resign, Trump says

  • Kaleb Cooper: Brits don’t care about the price of milk 

  • Iran to close Strait of Hormuz as Trump threatens toll

More from CityAM

  • As it happened: Stocks jitter on stalling US-Iran talks; OECD unemployment warning

    Markets
    Donald Trump raising his fist in a confident gesture during a public appearance, symbolizing determination and leadership
  • Reeves warned Iran war oil shock will lead to government borrowing spike

    Economics
    Rachel Reeves speaking at an IOD event.
  • Kennedys tops £450m global revenue as Middle East conflict helps drive growth

    Legal
    Kennedys breaks through £400m global revenue barrier
  • Peace deal will be finalised Sunday, Trump says but Tehran casts doubt

    Politics
    Donald Trump at Pennsylvania CPA event, addressing financial policies to an audience of accounting professionals
  • VENU+ Brings Next-Generation Guest Experience Technology to Al Shallal Theme Park

    Business Wire
  • US and Iran agree to peace deal’s text, negotiators say

    Economics
    Aerial view of Strait of Hormuz with cargo ships navigating the strategic waterway under clear blue skies
  • Oil prices rise as Trump warns of ‘very hard’ strikes against Iran

    Politics
    Donald Trump latest picture
  • Saudi Arabia’s PIF sign Queen’s deal despite wider sporting retreat

    Sport Business
    GettyImages 2221945175 depicts a significant moment in a newsworthy event, featuring key figures and dynamic interactions.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies