Saudi Arabia has called for urgent meetings of the regional Gulf Co-operation Council and the Arab League to discuss escalating tensions in the Gulf after Yemeni rebels carried out a drone attack on a key oil pipeline in the country.

“We have strong (oil) industry security… everybody is vulnerable to extreme acts of sabotage,” Energy Minister Khalid al-Falih told reporters, confirming that the Kingdom’s massive oil installations are well protected.

Saudi Arabia has also said oil supplies were sufficient and stockpiles were still rising, despite massive output drops from Iran and Venezuela.

-Daniel Potter