Close Menu
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
What's Hot

Oil is set to hit $100 a barrel in days and even reach $150, experts say as crucial Strait of Hormuz remains shut to tankers and US says war could continue for six weeks

March 7, 2026

gold price prediction: Why are gold and silver prices rising now, and will precious metals begin their dream run again or continue to be volatile? Gold and silver jump, analysts insights and market outlook explained

March 7, 2026

Utilities Down, But not by Much, on Defensive Bias – Utilities Roundup

March 7, 2026
Facebook X (Twitter) Instagram
Trending
  • Oil is set to hit $100 a barrel in days and even reach $150, experts say as crucial Strait of Hormuz remains shut to tankers and US says war could continue for six weeks
  • gold price prediction: Why are gold and silver prices rising now, and will precious metals begin their dream run again or continue to be volatile? Gold and silver jump, analysts insights and market outlook explained
  • Utilities Down, But not by Much, on Defensive Bias – Utilities Roundup
  • Municipal bonds offer a rare opportunity as yields climb, says Nuveen’s Dan Close
  • Better Stock to Buy Right Now: Royal Caribbean vs. Viking Holdings
  • Building society launches new ‘competitive’ savings account with 4% interest | Personal Finance | Finance
  • Income Tax Impact of Selling Precious Metals and Numismatics
  • High-Frequency Trading: HFT in Modern Crypto Trading
Facebook X (Twitter) Instagram YouTube
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
Simply Invest Asia
Home»Industries»Iranian drone strike hits Aramco’s oil refinery in Saudi Arabia
Industries

Iranian drone strike hits Aramco’s oil refinery in Saudi Arabia

By LucasMarch 4, 20262 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Saudi authorities said the facility was hit by an Iranian-made Shahed-136 drone. The strike caused a fire that officials described as small, isolated and quickly brought under control

TBS Report

02 March, 2026, 02:10 pm

Last modified: 02 March, 2026, 03:47 pm

An Aramco tank is seen at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Picture taken May 21, 2018. Photo: REUTERS/Ahmed Jadallah/File Photo

“>
An Aramco tank is seen at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Picture taken May 21, 2018. Photo: REUTERS/Ahmed Jadallah/File Photo

An Aramco tank is seen at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Picture taken May 21, 2018. Photo: REUTERS/Ahmed Jadallah/File Photo

A drone strike hit the Aramco Ras Tanura refinery in eastern Saudi Arabia early on Monday, triggering a small fire at one of the kingdom’s most important oil processing facilities amid heightened regional tensions.

Saudi authorities said the facility was hit by an Iranian-made Shahed-136 drone. The strike caused a fire that officials described as small, isolated and quickly brought under control, says the Hindustan Times.

There were no reported casualties or injuries, and preliminary assessments indicated no major damage to critical production systems.


The Business Standard Google News
Keep updated, follow The Business Standard’s Google news channel

As a precautionary measure, Saudi Aramco temporarily halted operations at the refinery to assess potential damage, reports the Economic Times.

The news of the attack prompted an immediate reaction in energy markets. Brent crude rose to $80 per barrel, up about 8-9% from its previous trading price.

Ras Tanura is one of the largest refineries in the Middle East, with a processing capacity of about 550,000 barrels of oil per day. Its associated port handles roughly 75% of Saudi Arabia’s total oil exports, underscoring its importance to global energy supplies, says Business Upturn.

The strike followed joint US-Israel military operations on 28 February that  killed Iran’s Supreme Leader Ali Khamenei. In response, Iran and allied groups have launched attacks targeting US military bases and energy infrastructure across the region, including in Saudi Arabia, the United Arab Emirates and Kuwait.

Iranian officials characterized the response as a “crushing” retaliation with “no red lines”.





Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

Related Posts

Oil is set to hit $100 a barrel in days and even reach $150, experts say as crucial Strait of Hormuz remains shut to tankers and US says war could continue for six weeks

March 7, 2026

Invoking emergency powers, India asks oil refiners to ramp up LPG output

March 7, 2026

UK Lords warn of AI impact on creative industries

March 7, 2026
Leave A Reply Cancel Reply

Our Picks

First Commerce Bancorp, Inc. Announces Conclusion of Tender Offer for its Common Stock

February 28, 2026

The big money shift: Why investors are choosing gold over cash experts weigh in

October 18, 2025

Oil and gas prices jump as conflict escalates

March 2, 2026

Residential vs Commercial: Tips to optimize your property taxes in FY24

October 22, 2025
Don't Miss
Industries

Oil is set to hit $100 a barrel in days and even reach $150, experts say as crucial Strait of Hormuz remains shut to tankers and US says war could continue for six weeks

By LucasMarch 7, 2026

Oil prices are expected to surge past $100 a barrel within days and could even…

gold price prediction: Why are gold and silver prices rising now, and will precious metals begin their dream run again or continue to be volatile? Gold and silver jump, analysts insights and market outlook explained

March 7, 2026

Utilities Down, But not by Much, on Defensive Bias – Utilities Roundup

March 7, 2026

Municipal bonds offer a rare opportunity as yields climb, says Nuveen’s Dan Close

March 7, 2026
Our Picks

Best Stock Research Apps & Tools in 2026

March 4, 2026

US War Secretary’s plane forced to land in Britain after dramatic damage to windscreen

October 17, 2025

Time To Buy LLY Stock?

October 24, 2025
Weekly Pick's

Sunday with Laura Kuenssberg: Kemi Badenoch reflects on first year as Tory leader

November 2, 2025

The View host stuns audience by saying she AGREES with MAGA warning issued by Trump’s transportation secretary

November 26, 2025

The New Standard For Investment-Readiness

January 23, 2026
Monthly Featured

Auto Trader, Focusrite, Associated British Foods

November 12, 2025

Foreign direct investment in Mexico climbs to record US $40.9B

November 20, 2025

Should You Buy UiPath Stock Before the Huge Investor Update?

December 1, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2026 Simply Invest Asia.

Type above and press Enter to search. Press Esc to cancel.