Iranian Drones Strike Saudi Aramco Refinery, Raising Global Oil Supply Fears

2026-03-02 05:01:12

(MENAFN- Khaama Press) Iranian drones have struck a major Saudi oil facility, forcing a temporary shutdown and intensifying concerns over global energy security.

Saudi Arabia confirmed that the Saudi Aramco refinery in Ras Tanura was hit, disrupting operations at one of the kingdom's most critical refining hubs.

The attack comes as tensions surge following joint strikes by the United States and Israel on Iranian targets, triggering retaliatory actions by Tehran across the Gulf region.

Energy markets reacted sharply, with Brent crude climbing toward $80 per barrel amid fears that instability could spread further across key oil-producing states.

Shipping through the Strait of Hormuz - which carries nearly 20 percent of the world's daily oil supply - has slowed significantly as several shipowners suspended transit due to security risks.

The latest escalation follows missile exchanges over the weekend, after Washington and Tel Aviv targeted senior Iranian figures, prompting Tehran to respond with strikes on US-linked and regional assets.

Saudi Arabia has insisted it is not allowing its territory or airspace to be used for attacks on Iran and condemned the drone assault as unjustified aggression.

Iranian drone strikes forced the temporary closure of Saudi Aramco's Ras Tanura refinery, heightening fears of prolonged oil supply disruptions and renewed volatility in global energy markets.

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