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OIL AND GAS
US seeks fallback Saudi bases in case of Iran tensions
by AFP Staff Writers
Aboard A Us Military Aircraft (AFP) Feb 19, 2021

The US military is looking for fallback bases in Saudi Arabia to prevent its troops deployed there from becoming obvious targets in the event of tensions with Iran, a senior US military official said Thursday.

"We are not looking for new bases. I want to be clear on that," said General Kenneth McKenzie, head of the US Army Central Command (Centcom), during a tour of the Middle East.

"What we would like to do, without shutting down these (current) bases .... is to have the ability to go to other bases to operate in a period of heightened risk," he explained.

"These are things that any prudent military planner would want to do to increase their flexibility, to make it more difficult for the adversary to target them."

The Wall Street Journal reported on plans for ports and air bases in the kingdom's western desert, which the US military would seek to develop as positions to be used if war were to break out with Iran.

At the year's end, the US military deployed the aircraft carrier USS Nimitz to the region and had two B-52 bombers overfly the area.

The show of force was intended to deter Tehran from carrying out any attack on US forces on the first anniversary of the assassination by the United States of top Iranian general Qassem Soleimani.

President Joe Biden's administration said Thursday it was ready to meet with Iranian officials under EU auspices to jumpstart diplomacy, and reversed Trump's widely derided contention that the United Nations had imposed new sanctions on Iran.

Even close US allies had dismissed the argument and the United Nations said that no such additional sanctions had come into force.


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OIL AND GAS
WTI crude breaks $60 a barrel on oil supply worries
Hong Kong (AFP) Feb 15, 2021
US oil prices rallied past $60 a barrel on Monday for the first time in more than a year, fuelled by concerns about supplies as Texas is hit by a severe cold snap that traders warn could slash output. West Texas Intermediate surged 2.19 percent to $60.77 in Asian trade, its highest since January last year before the oil market collapsed as the coronavirus pandemic battered demand. Crude has been rallying for months on the back of optimism over an expected recovery in the global economy, Joe Bide ... read more

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