For the past five days, the world awaited to see what, if any, would be Trump's response to last Saturday's attack on Saudi oil facilities that has taken out millions of barrels of crude production out of the market for an indefinite period. Moments ago we got the first offical reaction, when US Defense Secretary Mark Esper said this in lieu of an immediate military strike on Iran, the Pentagon will deploy additional troops and military equipment to Saudi Arabia and the United Arab Emirates to beef up security.

The Defense Secretary said that "the Iranian attack" - which we assume means it has been now settled that Iran was behind the attack despite the lack of actual evidence and just more verbal confirmations, a la the staged "Syrian chemical attacks" - on Saudi oil facilities was a dramatic escalation, and added that President Trump approved deployment of U.S. forces, clarifying that such a deployment will be defensive.

"The president has approved the deployment of U.S. forces which will be defensive in nature and primarily focused on air and missile defense," Esper said at a news conference late on Friday.