Perry confident energy market 'will rebound positively' after Saudi oil attack

Perry confident energy market 'will rebound positively' after Saudi oil attack
© Greg Nash

Energy Secretary Rick PerryRick PerryTomorrow's special election in Texas is the Democrats' best House hope in 2021 Overnight Energy: Michigan reps reintroduce measure for national 'forever chemicals' standard |  White House says gas tax won't be part of infrastructure bill Trump alumni launch America First Policy Institute MORE on Monday voiced confidence in energy markets that he said were "resilient" after oil prices spiked following weekend attacks on Saudi oil facilities. 

It's unclear who carried out the attacks; Yemen's Houthi rebels have claimed responsibility for the strikes while the Trump administration has blamed Iran, arguing that intelligence suggests the attacks, which it says was carried out by drones and cruise missiles, couldn't have been launched from Yemen.

The attacks affected roughly 5 percent of the global crude output, prompting oil prices to surge as trading opened Monday.


“Despite Iran’s malign efforts we are very confident that the market is resilient and will respond positively,” Perry said in a speech to the International Atomic Energy Agency’s General Conference, according to Reuters

He also reiterated Trump's announcement that the U.S. is prepared to use its emergency oil reserve in response to the attacks.

President TrumpDonald TrumpProject Veritas surveilled government officials to expose anti-Trump sentiments: report Cheney: Fox News has 'a particular obligation' to refute election fraud claims The Memo: What now for anti-Trump Republicans? MORE has authorized the release of oil from the Strategic Petroleum Reserve if that is needed. And my department stands ready to respond,” Perry said.

Secretary of State Mike PompeoMike PompeoUS Olympic Committee urges Congress not to boycott Games in China Pompeo on CIA recruitment: We can't risk national security to appease 'liberal, woke agenda' DNC gathers opposition research on over 20 potential GOP presidential candidates MORE on Sunday was the first to accuse Iran of being behind the attacks. Tehran has denied the allegations while the Houthis have claimed they may strike again.

“The United States wholeheartedly condemns Iran’s attack on Saudi Arabia and we call on other nations to do the same. This behavior is unacceptable," Perry said. "It’s unacceptable and they must be held responsible. Make no mistake about it. This was an attack on the global economy and the global energy market.”