Saudi Arabia, Mar. 02: Iran, shaken by the death of its leader, is attacking countries in every direction. Iran, which has started attacking Gulf countries after the assassination of its leader Ayatollah Khamenei in a joint attack by Israel and the US, has already attacked many places in the Gulf countries. Iranian missile and drone attacks have caused casualties in many places including Dubai, Doha, Kuwait, Bahrain, and other places, creating an atmosphere of anxiety.
Iran attacks Saudi oil refinery
Some time ago, Iran, which attacked the naval base in Abu Dhabi, has now attacked a Saudi Arabian oil refinery. Saudi Aramco has temporarily shut down its Ras Tanura refinery after Iranian drones attacked the Saudi Arabian oil refinery. The attack on Ras Tanura, one of Saudi Arabia’s major refining centers, has raised fears of widespread disruption to the region’s energy infrastructure.
Iranian drones attack oil refinery
Iranian drones have attacked a Saudi Aramco oil refinery in Ras Tanura, one of Saudi Arabia’s major refining centers, raising fears of widespread disruption to the region’s energy infrastructure. The attack on Ras Tanura, one of Saudi Arabia’s major refining centers, has raised fears of widespread disruption to the region’s energy infrastructure. The Aramco media office has not yet issued an official statement on the attack. However, a Saudi defense ministry spokesman told Al Arabiya TV that two drones targeting Saudi Aramco’s Ras Tanura were intercepted.
Global oil market under pressure
The Iranian attack comes at a time when global oil markets are under pressure due to the ongoing Israeli-US war on Iran. Crude oil prices have risen to their highest level in four years as the Iran conflict escalates. Meanwhile, Iran’s Strait of Hormuz is a narrow passage through which about 20 percent of the world’s daily oil flows.
Strait of Hormuz closure
Iran has also closed the Strait of Hormuz after the Israeli-US attack, effectively halting oil shipments. Several shipowners have suspended shipments through this, one of the world’s most critical energy corridors, citing security concerns.
Energy markets are bracing for prolonged instability
Energy markets are bracing for prolonged instability due to the war. Supply will fall as global demand increases, especially with the Strait of Hormuz effectively closed. This is setting the stage for renewed inflationary pressures worldwide. Brent crude rose by $80 (Rs 7,323) a barrel in early trade as traders weighed the risks of fresh supply in the Gulf.