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The stabilization of oil prices a few hours after the market opened means that currently there is “not a huge concern” of the price having an impact on important global economies, she said, but if the disruption were to last several weeks, that could change.

\"PHOTO:
Hamad I Mohammed/Reuters
PHOTO: Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, Sept. 14, 2019.
>

Meanwhile, the international community has moved to condemn the attacks on the Saudi oil facilities.

“Just spoke to @SecPompeo about this egregious attack on the security of Saudi Arabia,” the U.K. Foreign Secretary Dominic Raab tweeted on Sunday. “This was a reckless attempt to damage regional security and disrupt global oil supplies. The UK condemns such behaviour unreservedly.”

Russia has also condemned the attacks, but warned the U.S. against retaliatory strikes on Iran, after President Trump said the U.S. was “locked and loaded.”

“We decisively condemn the strikes on non-military targets” and “the negative consequences arising from this for the world economy,” the Foreign Ministry said in a statement. “We firmly recommend against not rushing to any conclusions about who committed this attack on the Saudi oil refineries. We consider it counterproductive to use this event for the inflaming of passions around Iran along the well-known lines of the U.S. And even more unacceptable are the options that are being presented, the envisaged retaliatory strikes which are allegedly being discussed at the present time in Washington.”

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