After US President Trump accused Iran of "blood lust" and threatened further sanctions, Iranian <a href="https://www.wionews.com/world/trump-accuses-china-of-currency-manipulation-theft-of-intellectual-property-in-un-speech-251807">President Hassan Rouhani </a>while addressing the UN General Assembly ruled out talks with the US unless the sanctions were&nbsp;lifted.

"I would like to announce that our response to any negotiation under sanctions is negative," Rouhani said during his speech at the UN General Assembly. "We cannot believe the invitation to negotiations by people who claim to have applied the harshest sanctions in history against the dignity and prosperity of our nation," the Iran president added.

<a href="https://www.wionews.com/world/rouhani-says-iran-resists-sanctions-drives-us-desperate-251461">Trump sought to increase</a> pressure on Iran during his speech at the UNGA asserting that the Rouhani government should halt &nbsp;"fanatical" weapons drive and "aggression" in the Middle East.

Watch Video:

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The Iran president while addressing world leaders at the UNGA, said: "How can someone believe them when the silent killing of a great nation, and pressure on the lives of 83 million Iranians, especially women and children, are welcomed by American government officials?"

"The Iranian nation will never, ever forget and forgive these crimes and these criminals," Rouhani added.

The Iran president also demanded that Saudi Arabia "terminate aggression in Yemen", saying that "The security of Saudi Arabia will be guaranteed with the termination of aggression in Yemen, rather than by inviting foreigners."

Rouhani tried to rally the countries in the Middle East to form a "Coalition for Hope" stating that "the security of the region shall be provided when American troops pull out."

"In the event of an incident, you and we shall not remain alone. We are neighbours with each other and not with the United States," he said.

After US President Trump accused Iran of "blood lust" and threatened further sanctions, Iranian President Hassan Rouhani while addressing the UN General Assembly ruled out talks with the US unless the sanctions were lifted.

After US President Trump accused Iran of "blood lust" and threatened further sanctions, Iranian President Hassan Rouhani while addressing the UN General Assembly ruled out talks with the US unless the sanctions were lifted. "I would like to announce that our response to any negotiation under sanctions is negative," Rouhani said during his speech at the UN General Assembly. "We cannot believe the invitation to negotiations by people who claim to have applied the harshest sanctions in history against the dignity and prosperity of our nation," the Iran president added. Trump sought to increase pressure on Iran during his speech at the UNGA asserting that the Rouhani government should halt "fanatical" weapons drive and "aggression" in the Middle East. Watch Video: The Iran president while addressing world leaders at the UNGA, said: "How can someone believe them when the silent killing of a great nation, and pressure on the lives of 83 million Iranians, especially women and children, are welcomed by American government officials?" "The Iranian nation will never, ever forget and forgive these crimes and these criminals," Rouhani added. The Iran president also demanded that Saudi Arabia "terminate aggression in Yemen", saying that "The security of Saudi Arabia will be guaranteed with the termination of aggression in Yemen, rather than by inviting foreigners." Rouhani tried to rally the countries in the Middle East to form a "Coalition for Hope" stating that "the security of the region shall be provided when American troops pull out." "In the event of an incident, you and we shall not remain alone. We are neighbours with each other and not with the United States," he said.

Iran President Rouhani rules out negotiations with US at UNGA

Amid reports of ballistic missile&nbsp;and drone strikes by the Houthis, reports claim Saudi Arabia has been running out of ammunition to defend itself amid repeated attacks by the rebel group and has asked the US and its European allies to supply it with weapons.

The Wall Street Journal in its report said the Saudi government has requested the Biden administration for more Patriot air-defence systems&nbsp;to shield itself&nbsp;against missile and drone strikes launched by the Houthis.&nbsp;

The report claimed that Saudi Arabia's US-built Patriot missiles have been running low due to attacks launched by the Houthis.&nbsp;

<a href="https://www.wionews.com/world/more-than-150-houthis-dead-in-yemen-raids-says-saudi-coalition-427295">Also Read:&nbsp;More than 150 Houthis dead in Yemen raids, says Saudi coalition</a>

The Wall Street report claimed Saudi Arabia has been targeted at least 50 times by drones in the past two months including over twenty ballistic missile strikes.&nbsp;

Watch| 240 attacks &amp; counting: Saudi Arabia is under attack

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Last month, the US State Department had cleared air-to-air missiles to Saudi Arabia worth $650 million as Saudi Arabia continues&nbsp;to battle drone strikes. The deal included &nbsp;AIM-120C medium-range missiles.

The US State Department declared that there has been an increase in "cross-border attacks" against Saudi Arabia.

On Tuesday, the Saudi-led coalition had carried out strikes in Yemen's capital Sanaa targeting Houthi outposts&nbsp;after the rebel group claimed it had fired ballistic missiles and 25 armed drones against Saudi Arabia.&nbsp;

The rebel group had claimed it had also targeted the Aramco oil facility in Jeddah. Saudi Arabia accuses Iran of backing the Houthis.&nbsp;

The Saudi-led coalition had intervened in 2015 after the Houthis had ousted the government in Yemen. In the past year, the &nbsp;Houthis have stepped up attacks amid air attacks by the coalition forces. &nbsp;

(With inputs from Agencies)

Amid reports of ballistic missile and drone strikes by the Houthis, reports claim Saudi Arabia has been running out of ammunition to defend itself amid repeated attacks by the rebel group and has asked the US and its European allies to supply it with weapons.

Amid reports of ballistic missile and drone strikes by the Houthis, reports claim Saudi Arabia has been running out of ammunition to defend itself amid repeated attacks by the rebel group and has asked the US and its European allies to supply it with weapons. The Wall Street Journal in its report said the Saudi government has requested the Biden administration for more Patriot air-defence systems to shield itself against missile and drone strikes launched by the Houthis. The report claimed that Saudi Arabia's US-built Patriot missiles have been running low due to attacks launched by the Houthis. Also Read: More than 150 Houthis dead in Yemen raids, says Saudi coalition The Wall Street report claimed Saudi Arabia has been targeted at least 50 times by drones in the past two months including over twenty ballistic missile strikes. Watch| 240 attacks & counting: Saudi Arabia is under attack Last month, the US State Department had cleared air-to-air missiles to Saudi Arabia worth $650 million as Saudi Arabia continues to battle drone strikes. The deal included AIM-120C medium-range missiles. The US State Department declared that there has been an increase in "cross-border attacks" against Saudi Arabia. On Tuesday, the Saudi-led coalition had carried out strikes in Yemen's capital Sanaa targeting Houthi outposts after the rebel group claimed it had fired ballistic missiles and 25 armed drones against Saudi Arabia. The rebel group had claimed it had also targeted the Aramco oil facility in Jeddah. Saudi Arabia accuses Iran of backing the Houthis. The Saudi-led coalition had intervened in 2015 after the Houthis had ousted the government in Yemen. In the past year, the Houthis have stepped up attacks amid air attacks by the coalition forces. (With inputs from Agencies)

Saudi Arabia running out of Patriot missiles amid strikes by Houthis: Report

Yemen's<a href="https://www.wionews.com/world/innocent-lives-at-risk-uk-condemns-houthi-missile-attack-on-riyadh-366896"> Houthi </a>rebels fired missiles and drones at the heart of Saudi Arabia's oil industry on Sunday, attacking a Saudi Aramco facility&nbsp;Ras Tanura and military targets in the Saudi cities of Dammam, Asir and Jazan.

Watch:

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The Iran-aligned group's military spokesperson said that the group fired 14 drones and eight ballistic missiles across the border.

"The artillery and drone divisions were able to conduct a wide offensive in the depths of <a href="https://www.wionews.com/world/drone-and-artillery-operation-conducted-against-saudi-arabia-say-yemens-houthi-rebels-367061">Saudi Arabia</a> with fourteen drones and eight ballistic missiles of which were 10 Sammad-3 drones and 1 Zulfiqar missile which targeted Aramco in Ras Tanura port and other military sites in Dhammam," Yahya Sarea, &nbsp;Houthi military spokesman said.

The Saudi energy ministry said an oil storage yard at Ras Tanura, the site of an oil refinery and the world’s biggest offshore oil loading facility was attacked with a drone. The ministry said that the attack came from the sea.

The area targeted is home to most of Saudi's <a href="https://www.wionews.com/world/houthi-missile-attack-on-riyadh-thwarted-says-saudi-arabia-366731">Aramco's </a>oil production and export facilities. The attack comes after the Saudi led-coalition fighting the Houthis intercepted ten drones launched by the Iran-backed rebels on Sunday.

The coalition conducted airstrikes on Yemen's Huthi controlled capital Sana'a. The fighting has also intensified on the ground in Yemen in Marib and Taiz regions. The Houthis have recently stepped up cross-border missile and drone attacks on Saudi Arabia.

The Iranian-aligned rebel group is battling the Saudi-led military coalition since it intervened in Yemen's civil war in 2015, several countries including the United States have been trying to use diplomatic channels to end the conflict.&nbsp;

Yemen's Houthi rebels fired missiles and drones at the heart of Saudi Arabia's oil industry on Sunday, attacking a Saudi Aramco facility Ras Tanura and military targets in the Saudi cities of Dammam, Asir and Jazan.

Yemen's Houthi rebels fired missiles and drones at the heart of Saudi Arabia's oil industry on Sunday, attacking a Saudi Aramco facility Ras Tanura and military targets in the Saudi cities of Dammam, Asir and Jazan. Watch: The Iran-aligned group's military spokesperson said that the group fired 14 drones and eight ballistic missiles across the border. "The artillery and drone divisions were able to conduct a wide offensive in the depths of Saudi Arabia with fourteen drones and eight ballistic missiles of which were 10 Sammad-3 drones and 1 Zulfiqar missile which targeted Aramco in Ras Tanura port and other military sites in Dhammam," Yahya Sarea, Houthi military spokesman said. The Saudi energy ministry said an oil storage yard at Ras Tanura, the site of an oil refinery and the world’s biggest offshore oil loading facility was attacked with a drone. The ministry said that the attack came from the sea. The area targeted is home to most of Saudi's Aramco's oil production and export facilities. The attack comes after the Saudi led-coalition fighting the Houthis intercepted ten drones launched by the Iran-backed rebels on Sunday. The coalition conducted airstrikes on Yemen's Huthi controlled capital Sana'a. The fighting has also intensified on the ground in Yemen in Marib and Taiz regions. The Houthis have recently stepped up cross-border missile and drone attacks on Saudi Arabia. The Iranian-aligned rebel group is battling the Saudi-led military coalition since it intervened in Yemen's civil war in 2015, several countries including the United States have been trying to use diplomatic channels to end the conflict.

Yemen's Houthi rebels target Saudi Arabia's Aramco oil facilities

Yemen's Houthi movement claimed to have targeted Saudi Arabia's Aramco facilities in the port city of Jizan, reports said.

Houthi's Al Masirah TV quoted the spokesman saying that Saudi Aramco facilities on the Red Sea were were targeted. However, Aramco hasn't commented on the incident.

The military spokesman reported said the group had targeted the Abha and Jizan airports "with a large number of rockets and drones".

Aramco's was earlier targeted last year by the Houthis but Saudi Arabia had blamed the attack on Iran.

Yemen's Houthi movement claimed to have targeted Saudi Arabia's Aramco facilities in the port city of Jizan, reports said. Houthi's Al Masirah TV quoted the spokesman saying that Saudi Aramco facilities on the Red Sea were were targeted.

Yemen's Houthi movement claimed to have targeted Saudi Arabia's Aramco facilities in the port city of Jizan, reports said. Houthi's Al Masirah TV quoted the spokesman saying that Saudi Aramco facilities on the Red Sea were were targeted. However, Aramco hasn't commented on the incident. The military spokesman reported said the group had targeted the Abha and Jizan airports "with a large number of rockets and drones". Aramco's was earlier targeted last year by the Houthis but Saudi Arabia had blamed the attack on Iran.

Saudi Arabia's Aramco facilities in Jizan targeted, claim Yemen's Houthis

France has deployed a radar system on the eastern coast of Saudi Arabia to beef up its ally's defences after missile attacks on the kingdom's oil infrastructure in September, French officials said.

<a href="https://www.wionews.com/world/attacks-on-aramco-oil-facility-unquestionably-sponsored-by-iran-saudi-arabia-250445">Also Read: Attacks on Aramco oil facility unquestionably sponsored by Iran, says Saudi Arabia</a>

Paris has blamed Iran for carrying out the drone and missile attack, which crippled the world's biggest oil processing facility in Saudi Arabia, and had promised to provide assistance to prevent a repeat of the incident.

"In the Arabian Peninsula and Arab-Persian Gulf, where tensions are mounting, we have deployed in record time the Jaguar Task Force, which contributes to reassuring the Saudi kingdom," President Emmanuel Macron said in a speech to the French military late on Thursday.

The initiative had not been announced until now.

The United States' withdrawal in 2018 from Iran's nuclear deal with world powers and the reimposition of US&nbsp;sanctions has triggered an escalation in tensions over several months that briefly led to open conflict in January.

French officials said a radar system as part of the Jaguar Task Force mission had been deployed on the eastern coast of Saudi Arabia facing the Gulf. They declined to give further details.

Iran's Revolutionary Guards can take their fight beyond Iran's borders, Supreme Leader Ayatollah Ali Khamenei said on Friday, responding to the US&nbsp;killing of a top general and to unrest at home over the accidental downing of an airliner. 
&nbsp;

France has deployed a radar system on the eastern coast of Saudi Arabia to beef up its ally's defences after missile attacks on the kingdom's oil infrastructure in September, French officials said.

France has deployed a radar system on the eastern coast of Saudi Arabia to beef up its ally's defences after missile attacks on the kingdom's oil infrastructure in September, French officials said. Also Read: Attacks on Aramco oil facility unquestionably sponsored by Iran, says Saudi Arabia Paris has blamed Iran for carrying out the drone and missile attack, which crippled the world's biggest oil processing facility in Saudi Arabia, and had promised to provide assistance to prevent a repeat of the incident. "In the Arabian Peninsula and Arab-Persian Gulf, where tensions are mounting, we have deployed in record time the Jaguar Task Force, which contributes to reassuring the Saudi kingdom," President Emmanuel Macron said in a speech to the French military late on Thursday. The initiative had not been announced until now. The United States' withdrawal in 2018 from Iran's nuclear deal with world powers and the reimposition of US sanctions has triggered an escalation in tensions over several months that briefly led to open conflict in January. French officials said a radar system as part of the Jaguar Task Force mission had been deployed on the eastern coast of Saudi Arabia facing the Gulf. They declined to give further details. Iran's Revolutionary Guards can take their fight beyond Iran's borders, Supreme Leader Ayatollah Ali Khamenei said on Friday, responding to the US killing of a top general and to unrest at home over the accidental downing of an airliner.

After Aramco attack, France deploys radars in Saudi Arabia's east coast

Saudi Arabia's Armco shares surged ten per cent over the IPO price on Wednesday during in its debut in the Riyadh stock market.

The shares of the oil giant went up $9.39(35.2 riyals) up from the initial public offering (IPO) price of 32 riyals crossing the daily limit under the Tadawul exchange

Aramco&nbsp;raised a record $25.6 billion in its IPO last week which is Crown Prince Salman's attempt to boost funds in order to help the economy step away from oil. Prince Salman hopes to fund his "Vision 2030" to take the Saudi economy into a new era.

The astronomical rally saw the oil giants valuation soar to $1.88 trillion. The Kingdom had earlier hoped for a $2 trillion but settled below it.&nbsp;

The state-owned Saudi oil giant has received subscription orders for around 5.9 billion shares so far from institutions in the first 17 days of the IPO. The biggest IPO in Saudi Arabia, before Aramco, was for the National Commercial Bank (NCB) in 2013, which sought to raise $6 billion.

According to reports, the Armco IPO was oversubscribed three times receiving orders worth $50.4 billion.

Aramco had said that it would sell 1.5 per cent of the company in an IPO worth at least $24 billion which values it up to $1.71 trillion. Wednesday's surge saw its valuation break the record set by the company earlier.

In a 658-page prospectus, Aramco had said it will sell a part of its shares to institutional investors, including foreign companies, as well as to individual Saudis and other Gulf nationals.

The company said it has decided to sell up to 0.5 per cent of its shares to individual investors while it will decide on the percentage for larger investors later.

"The targeted percentage of Offer Shares allocable to individual investors will be up to 0.5 per cent of the shares," the prospectus said.

Saudi Arabia's Armco shares surged ten per cent over the IPO price on Wednesday during in its debut in the Riyadh stock market. The shares of the oil giant went up $9.

Saudi Arabia's Armco shares surged ten per cent over the IPO price on Wednesday during in its debut in the Riyadh stock market. The shares of the oil giant went up $9.39(35.2 riyals) up from the initial public offering (IPO) price of 32 riyals crossing the daily limit under the Tadawul exchange Aramco raised a record $25.6 billion in its IPO last week which is Crown Prince Salman's attempt to boost funds in order to help the economy step away from oil. Prince Salman hopes to fund his "Vision 2030" to take the Saudi economy into a new era. The astronomical rally saw the oil giants valuation soar to $1.88 trillion. The Kingdom had earlier hoped for a $2 trillion but settled below it. The state-owned Saudi oil giant has received subscription orders for around 5.9 billion shares so far from institutions in the first 17 days of the IPO. The biggest IPO in Saudi Arabia, before Aramco, was for the National Commercial Bank (NCB) in 2013, which sought to raise $6 billion. According to reports, the Armco IPO was oversubscribed three times receiving orders worth $50.4 billion. Aramco had said that it would sell 1.5 per cent of the company in an IPO worth at least $24 billion which values it up to $1.71 trillion. Wednesday's surge saw its valuation break the record set by the company earlier. In a 658-page prospectus, Aramco had said it will sell a part of its shares to institutional investors, including foreign companies, as well as to individual Saudis and other Gulf nationals. The company said it has decided to sell up to 0.5 per cent of its shares to individual investors while it will decide on the percentage for larger investors later. "The targeted percentage of Offer Shares allocable to individual investors will be up to 0.5 per cent of the shares," the prospectus said.

Saudi Aramco shares surge maximum 10% on market debut

India is likely to face heat in the near future due to various emerging fault lines in the Gulf. While Gulf managed to ensure stability amidst the Syrian crisis in particular and Arab Spring in general, recent events in the Gulf cast doubt on the long term stability of the region.&nbsp;

In this context, the September 14 Drone attacks, reportedly&nbsp;carried out by Iranian backed Houthi guerrilla, on&nbsp; Saudi Arabia’s Abqaiq oil refinery and Khurais oil field - belonging to the state-owned Aramco - have sent ‘oil shock wave’ throughout the world.

The attacks disrupted the outflow of 5 per cent of global oil supply. While Saudi Arabia has repeatedly stated that this attack will not affect Saudi’s production of oil, however, it could not remove the feat that oil installation in Saudi Arabia, UAE and elsewhere is not free from external attacks.&nbsp;

This combines with other factors such as a series of attack on oil tankers belonging to different countries, UK-Iranian tension for seizing the private oil tanker caring the Iranian oil to Syria by UK, shooting down of US drone by the Iran, the traditional rivalry between Saudi Arabia and Iran, the continuous blockade of Qatar by the Quarter (Saudi Arabia, UAE, &nbsp;Egypt and Bahrain), the US sanction against Iran, and Yemen civil war with UAE-Saudi Arabia supporting the Yemini government in exile and Iranian backing the Houthis—all combined have made the region very vulnerable to the forces of destabilisation.&nbsp;

India is directly affected by such developments in the Gulf. India is the third-largest oil importer in the world and 83 per cent of its oil is imported from the Gulf despite its diversification of sources of hydrocarbon products. Of late, India has stopped buying oil from Iran under US pressure, which has made India more dependent on Saudi Arabia.&nbsp;

Besides, India is critically dependent on the flow of remittances from the region, which constitutes the largest share of total global remittances. Further stability in Gulf is important from the point of view of trade and investment, particularly with the UAE government. &nbsp;

Given the high-stake that India has in the stability of Gulf, the government of India&nbsp;must come up&nbsp;with a&nbsp;strategy to cope with the emerging crisis in the Gulf which may affect the uninterrupted supply of the oil or even soar the prices of  oil because of  above-enumerated reasons. Following the 1973 Oil Shock, which had disrupted the manufacturing industries of the West due to steep hike in the prices of oil  as well as the supply of oil for a few months, the West developed the capacity of storing oil for minimum six months. Earlier it was 23 days. Currently, India has a capacity to meet only about 12 days of the country’s crude oil requirement with storage facility for only 87 days.&nbsp;

Though in the event of the oil crisis, India may rely upon the USA and Nigeria, the quality of oil supplies by these countries are as good as that of Gulf apart from long-distance travel costs.  Given this situation, India needs to devise specific strategy including enhancing the storage capacity of hydrocarbon resources for at least 6 months, on par with advanced countries. &nbsp; 
 
&nbsp;(Disclaimer: The opinions expressed above are the personal views of the author and do not reflect the views of ZMCL) &nbsp;

&nbsp;

India is likely to face heat in the near future due to various emerging fault lines in the Gulf. While Gulf managed to ensure stability amidst the Syrian crisis in particular and Arab Spring in general, recent events in the Gulf cast doubt on the long term stability of the region.

India is likely to face heat in the near future due to various emerging fault lines in the Gulf. While Gulf managed to ensure stability amidst the Syrian crisis in particular and Arab Spring in general, recent events in the Gulf cast doubt on the long term stability of the region. In this context, the September 14 Drone attacks, reportedly carried out by Iranian backed Houthi guerrilla, on Saudi Arabia’s Abqaiq oil refinery and Khurais oil field - belonging to the state-owned Aramco - have sent ‘oil shock wave’ throughout the world. The attacks disrupted the outflow of 5 per cent of global oil supply. While Saudi Arabia has repeatedly stated that this attack will not affect Saudi’s production of oil, however, it could not remove the feat that oil installation in Saudi Arabia, UAE and elsewhere is not free from external attacks. This combines with other factors such as a series of attack on oil tankers belonging to different countries, UK-Iranian tension for seizing the private oil tanker caring the Iranian oil to Syria by UK, shooting down of US drone by the Iran, the traditional rivalry between Saudi Arabia and Iran, the continuous blockade of Qatar by the Quarter (Saudi Arabia, UAE, Egypt and Bahrain), the US sanction against Iran, and Yemen civil war with UAE-Saudi Arabia supporting the Yemini government in exile and Iranian backing the Houthis—all combined have made the region very vulnerable to the forces of destabilisation. India is directly affected by such developments in the Gulf. India is the third-largest oil importer in the world and 83 per cent of its oil is imported from the Gulf despite its diversification of sources of hydrocarbon products. Of late, India has stopped buying oil from Iran under US pressure, which has made India more dependent on Saudi Arabia. Besides, India is critically dependent on the flow of remittances from the region, which constitutes the largest share of total global remittances. Further stability in Gulf is important from the point of view of trade and investment, particularly with the UAE government.  Given the high-stake that India has in the stability of Gulf, the government of India must come up with a strategy to cope with the emerging crisis in the Gulf which may affect the uninterrupted supply of the oil or even soar the prices of  oil because of  above-enumerated reasons. Following the 1973 Oil Shock, which had disrupted the manufacturing industries of the West due to steep hike in the prices of oil  as well as the supply of oil for a few months, the West developed the capacity of storing oil for minimum six months. Earlier it was 23 days. Currently, India has a capacity to meet only about 12 days of the country’s crude oil requirement with storage facility for only 87 days. Though in the event of the oil crisis, India may rely upon the USA and Nigeria, the quality of oil supplies by these countries are as good as that of Gulf apart from long-distance travel costs.  Given this situation, India needs to devise specific strategy including enhancing the storage capacity of hydrocarbon resources for at least 6 months, on par with advanced countries.  (Disclaimer: The opinions expressed above are the personal views of the author and do not reflect the views of ZMCL)

How does Gulf crisis affect India

Saudi Arabia presents material evidence on Drone attack