Houthis attacks create shortage: Saudi on soaring oil prices

Riyadh: Saudi Arabia, in a statement, has made it clear that the Kingdom will not incur any responsibility for the soaring crude oil prices in the international market for the short supply which happened to be the direct impact of the Iranian-backed Houthi terrorist militias' attacks on its oil facilities.

"The Kingdom stresses the importance of the international community to realize the gravity of Iran's continued behavior of equipping the terrorist Houthi militias with ballistic missiles technology, and advanced UAVs with which they target the Kingdom's oil, gas and refined products production sites," the statement said.

Benchmark Brent Crude oil stood at over $112 a barrel in trading Monday.

The Houthi militias operating in Yemen launched a series of attacks targeting the kingdom's oil and natural gas production, reported the Arab News.

The statement further requested the international community to undertake "its responsibility to preserve the energy supplies and stand firm against the Iranian-backed Houthi terrorist militias, deterring their malicious attacks that represents direct threat to the security of oil supplies in these extremely sensitive circumstances witnessed by the global energy markets."