Iran Drone Strike Hits World’s Largest Oil Firm Aramco in Saudi Arabia

Iran Drone Strike Hits World’s Largest Oil Firm Aramco in Saudi Arabia

Riyadh, March 2, 2026
Iranian drones targeted Saudi Aramco’s vital Ras Tanura refinery Monday morning, forcing complete shutdown as precaution. Global oil supply now at risk amid Middle East escalation.​

Attack Details

Saudi Defense Ministry: 2 drones intercepted nearby; debris sparked limited fire quickly contained. No casualties; ops halted for damage assessment at this key Gulf Coast hub.​

Refinery Significance

Ras Tanura processes 550,000 barrels/day—one of Middle East’s largest. Major Saudi crude export terminal feeding Asia (China/Japan/Korea) and Europe markets.​

Global Fallout

Amid US-Israel-Iran war post-Khamenei killing, Brent crude jumps 9-10% to ~$80/barrel. Strait of Hormuz tensions disrupt tankers; first direct Gulf energy hit signals economic warfare.​

India Impact

India imports 88% oil needs; Saudi delays/price surge threaten petrol-diesel hikes, inflation. Govt monitors; strategic reserves eyed as contingency.​

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