AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

Lebanon's Hezbollah warned Saudi Arabia on Friday against betting on a war against Iran because it would destroy the kingdom and said Riyadh and the United Arab Emirates should halt the conflict in Yemen to protect themselves. Sayyed Hassan Nasrallah, head of the Iran-backed Shia group, also said new air defences could not easily defend Saudi Arabia from the type of drones used in a Sept. 14 attacks on Saudi oil installations.
Tensions have spiked in the region since the attacks that officials in Washington and Riyadh have blamed on Iran, which has denied involvement. Responsibility was claimed by Yemen's Houthi movement, an Iran-aligned group fighting a Saudi-led alliance in Yemen's civil war. Hezbollah is a heavily armed Shia group set up by Iran's Revolutionary Guards in 1982 and a major part of a Tehran-backed regional alliance.
"Don't bet on a war against Iran because they will destroy you," Nasrallah said in a televised speech. Noting that the attack had initially halved Saudi oil output, he added: "Your house is made of glass and your economy is made of glass. Like the glass cities in the UAE."
Nasrallah said the attacks on the Aramco installations showed the strength of the Iran-backed alliance and that new air defences could not easily defend Saudi Arabia given its size and the manoeuvrability of the drones used. New air defences would "be very expensive and it will be of no use", he said. His advice to both Saudi Arabia and its ally the United Arab Emirates was to instead stop the war in Yemen.
Noting threats by the Houthi movement against the UAE, he added: "The thing that will protect the installations and infrastructure in Saudi Arabia and the UAE is halting the war against the Yemeni people."

Copyright Reuters, 2019

Comments

Comments are closed.