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The attack came as state-owned oil giant Saudi Aramco has been plotting a massive initial public offering.

Reports indicated that other Gulf markets, including Kuwait and Dubai were down 0.4% and 0.5% respectively on Sunday following Saturday’s attack.

But if it results in higher energy prices, Ryan Kellogg, an economist at the University of Chicago told The Journal, it could be a key part of a global slowdown, which in turn could affect the US.

“To the extent those slowdowns are going to ripple through the trade system, we could see some of those impacts in the U.S. as well,” Kellogg told The Journal .