Neither Saudi Arabia nor the United States is rushing to retaliate for a brazen, allegedly Iranian attack that severely damaged two of the kingdom’s key oil facilities.

Saudi oil attacks put US commitments to the test

Oil shed some of its massive gains on Tuesday (September 17) as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure.

Oil falls more than 1% as market awaits response to Saudi oil attacks

Known for acting on impulse, President Donald Trump has adopted an uncharacteristically go-slow approach over whether to hold Iran responsible for attacks on Saudi oil facilities, showing little enthusiasm for confrontation as he seeks re-election next year.

Wary of conflict with Iran, Trump takes go-slow approach to attack on Saudi oil