Iran Drone Strike Targets World’s Largest Oil Company: Aramco Ras Tanura Refinery Hit Again, Oil Prices Surge

Iran Drone Strike Targets World’s Largest Oil Company: Aramco Ras Tanura Refinery Hit Again, Oil Prices Surge

Riyadh/Dubai, March 4 (2026)
Middle East war now targets global economy’s backbone—oil reserves. Saudi Aramco’s Ras Tanura refinery faced fresh drone attack Wednesday, confirmed by Saudi Defense Ministry targeting nation’s biggest domestic facility.
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Attack Thwarted
Intercepted in time—no major damage. Monday’s Shahid-136 suicide drones ignited fire, forcing unit shutdowns. Seen as Iran’s retaliation to US-Israel Iran strikes.

Strait of Hormuz Chaos
Iran escalates tanker attacks through vital 20% global oil chokepoint. Aramco suspends LPG exports weeks, reroutes via Red Sea.

Oil Shockwave
Brent crude jumps $1.11 to $82.53/barrel—highest since Jan 2025. Prolonged tensions threaten further spikes hitting India/global wallets.

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