Saudi Oil, Iran, and The Abqaiq Attack – Professor Joshua Landis – The Stock Podcast, Ep.39

Professor Joshua Landis is the Director of the Center for Middle East Studies at The University of Oklahoma. Prof. Landis joins The Stock Podcast to discuss the recent Saudi oil attack. On Sept. 14, 2019, the world awoke to the news that numerous drones and scud missiles hit Abqaiq, the world's largest oil processing facility. The attack resulted in 5.7 million barrels of oil production capacity going offline, which equates to about 6% of global oil production. The event was the single largest loss of Saudi oil production in history. Immediately after the attack, Yemen's Iranian-backed Houthi's claimed responsibility. However, Prof. Landis is convinced that Iran is ultimately responsible, and the country with the most to gain from an attack on Saudi oil infrastructure.