This week and next.

Hello Insiders,

The Saudi, Aramco, drone attacks are a worrying twist in the global turmoil we are facing as we march closer to October.

In the attacks, two major oilfields in Saudi Arabia were hit by "suicide" drones, a bit like the old buzz bombs over London in WWII.

A drone made by Yemen but based on an Iranian model. Apparently more like an old WW2 Buzz bomb.

ABC online on drone attacks

The attacks will almost certainly send the price of oil up. While the attacks apparently impact 5% of global oil production, they do affect around 50% of Saudi Arabia's production.

I see the situation, leaving the oil production issue out, as a more politically strategic concern.

Does Iraq and the " weapons of mass destruction" sound familiar at this point?

US Secretary of State, Mike Pompeo, is calling it an out and out Iran attack.

He claims there is no evidence to suggest Yemen, who has claimed responsibility for the attacks, has carried out the drone strikes..

But Pompeo has, at the time of writing, not provided any evidence that suggests Iran did do it, and so the Weapons of Mass destruction/Iraq scenario seems to be building around Iran.

A drone made by Yemen but based on an Iranian model. Apparently more like an old WW2 Buzz bomb.

I think it will be interesting to watch Droneshield [ASX:DRO] shares.

Droneshield's drone detection and disabling technology is just starting to gain some serious traction. During the week, Droneshield announced a substantial partnership with British Telecom, which generated more than AUD$40 billion last FY.

So any mention of drone attacks or disruptions, may have an exponential impact on the Droneshield share price.

Full disclosure, I bought a small amount of Droneshield stock, after the BT announcement during the week.

I am going on leave starting tomorrow, for a month. I will be keeping an eye on the market while I am away.

Have a great week.

Phil Carey

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