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Source: Ryan Flanagan, CTV News, September 15, 2019 

TORONTO — More than five per cent of the global oil production capacity was taken offline following a drone attack in Saudi Arabia.

The Houthi, a rebel group based in Yemen and backed by Iran, has claimed responsibility for the attack. The U.S. has claimed that Iran played a direct role. Iran has denied that accusation.

Saturday’s attack resulted in a temporary cut to Saudi Arabia’s oil production output of an estimated 5.7 million barrels – or about half of its total capacity.

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