Oil prices climbed on Tuesday after Saudi Arabia reported
The apparent drone attack comes just a day after Saudi Arabia said two of its oil tankers were sabotaged off the coast of the United Arab Emirates.
Normally such threats to the Middle East’s oil supplies would have a more pronounced impact to oil prices. But the gains have been muted by global fears about the deepening US-China trade war.
The Dow plunged 617 points, or 2.4%, on Monday after China retaliated against tariffs that the United States announced last week. The escalating trade war threatens to slow the global economy, eating into demand for crude oil.
