Saudi air defenses intercept two missiles over Riyadh

Arturo Kim
May 10, 2018

Mr Falih said Saudi Arabia is not targeting a specific price for oil, discounting a May 4 report in The Wall Street Journal that Riyadh wants to oil to hit at least Dollars 80 a barrel this year.

Spokesperson Colonel Turki al-Maliki said the missile was directly targeting civilian areas.

Last week, the kingdom shot down two missiles heading towards the southern city of Najran.

Iran-backed Houthi rebels in Yemen have fired ballistic missiles into the kingdom in the past, which have been intercepted by Riyadh.

Assuming the US sanctions are effective in curbing Iran's crude exports, Saudi Arabia and its OPEC allies will have to raise their production to make up the shortfall, or risk being blamed for a further rise in motoring costs.

The Saudi military said a missile was intercepted, Al Arabiya reported.

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Two explosions were heard in the city, according to an Agence France-Presse photographer.

The Houthi movement subsequently claimed responsibility for the attack on its official channel al-Masirah TV, Reuters reports.

Riyadh has long accused its regional rival Tehran of supplying the Huthis with ballistic missiles.

Saudi Arabia and its allies launched the war against the rebels in 2015 on behalf of Yemen's internationally recognized government.

The cross-border attack by the Iran-allied Shiite rebels, known as Houthis, came amid mounting regional tensions after U.S. President Donald Trump chose to withdraw from the landmark 2015 nuclear agreement with Tehran.

Saudi Arabia is monitoring the impact of the US withdrawal from the Iran nuclear deal on oil supplies and is ready to offset any shortage but it will not act alone to fill the gap, an OPEC source familiar with the kingdom's oil thinking said.

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