Oil prices soar as Saudi Arabia tries to reassure market.
Saudi Arabia is trying to reassure the world that it will quickly recover from Saturday's attacks on its oil plants. However, the reassurance failed to stop oil prices soaring 19 percent - their highest-ever increase in a day.
Prices have since eased, but concerns remain about the 50 percent cut for the world's biggest crude exporter.
Houthi fighters in Yemen are vowing more attacks to cripple the Saudi economy. President Donald Trump warned that the US is 'locked and loaded' to respond, and ready to release emergency oil reserves if needed.
Will the attack force us to rethink our reliance on oil?
Presenter: Hashem Ahelbarra | Guests: Jawad Anani - Former Deputy Prime Minister of Jordan; Cornelia Meyer - Oil and gas specialist, Meyer Resources financial advisory firm; Bill Law - Journalist and Gulf affairs analyst
'Sabotaged and significantly damaged'. Saudi Arabia says two of its oil tankers have been attacked off the coast of the UAE. Riyadh has also called on the international community to protect maritime navigation.
The incidents happened off the coast of Fujairah. The Emirate denied reports of explosions at its port on Sunday. But the Emirati government later said four commercial ships flagged under several nationalities had been hit - although there were no injuries or deaths. The attack was condemned by several countries, including Iran.
What does it mean for global oil supplies?
Presenter: Sami Zeidan | Guests: Mahjoob Zweiri, Director of the Gulf Studies Center at Qatar University; Manouchehr Takin, Senior Analyst at the Centre for Global Energy Studies; Elias Farhat, retired military general and defence analyst
