‘Risk premium’ rises in Middle East after drone attacks

Saudi Arabia blamed Iran for a drone attack on an oil field and processing facility

Attacks against oil installations in Saudi Arabia at the weekend place an additional “risk premium” on the Middle East and could lead to increased rates for political risk insurance, according to experts. On 15 September, a number of key oil installations in Saudi Arabia were severely damaged in attacks that shut down more than half of the kingdom’s oil production.…

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