(Photo by Carolyn Kaster/AP Images)
President Trump has authorized the release of U.S. strategic reserves should they be necessary to stabilize markets following a weekend missile attack on Saudi Arabia’s energy infrastructure that his aides blamed on Iran.
Iran denies the U.S. claims.
Over the weekend, Trump tweeted that the U.S. is “locked & loaded”…
Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!
— Donald J. Trump (@realDonaldTrump) September 15, 2019
In a tweet Monday, President Trump explained further…
Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, & now the Number One Energy Producer in the World. We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!
— Donald J. Trump (@realDonaldTrump) September 16, 2019
The weekend attack on Saudi Arabia’s biggest oil refinery has jacked up the price of crude oil by ten-percent or more. Oil industry analysts say that will mean higher prices at the pump. The national average price for regular is two-57 a gallon.
Addressing the attack and the U.S. response, Jack & Joe were joined by CBS News military analyst Mike Lyons.
Listen to their conversation below.