On September 14th, Yemen’s Houthi rebels staged a drone attack on the largest oil corporation on the planet — Saudi Aramco. World’s largest oil processing plant is in flames, and Saudi Arabia has confirmed that about half of Aramco’s production is interrupted. What are the possible consequences?

Half of production of the largest oil corporation on the planet! Can you imagine the consequences? Here, I’ll help…

If the statement from the the Saudi Energy ministry is correct, that would mean 5.7 million barrels or 50 percent drop in the oil giant’s production, which should be seen in the price of oil very quickly. A sudden jump of the energy price could be a trigger to the new global crisis, which can, in itself, be a trigger for a great global clash. But what if this statement was just a bluff?

Let’s suppose for a moment that the consequences of the attack were exaggerated for much more sinister purpose. Sacking John Bolton certainly was not an end to the U.S. plans for an intervention in Iran. Bolton’s strategy simply was not efficient, and he was removed. However, as soon as drone attack was over, Mike Pompeo did accuse Iran, while another U.S. warhawk, Senator Lindsey Graham, started calling for a strike against Tehran. In case that was just an excuse for another war, price of oil will not surge right now, but only after the possible strike, when Iran will certainly retaliate by closing Hormuz straits.

Bolton may be gone, but his spirit still haunts Congress and White House.

Keep an eye at live oil price graph to find out what is coming very soon…