16th March 2026
EP Report

Saudi Arabia's state oil giant Aramco shut its Ras Tanura refinery following a drone strike, an industry source said recently, after Tehran launched strikes across the region in response to the US-Israeli attack on Iran.

The Ras Tanura complex, on the kingdom's Gulf coast, houses one of the Middle East's largest refineries with a capacity of 550,000 barrels per day (bpd) and serves as a critical export terminal for Saudi crude.

It was shut as a precautionary measure and the situation is under control, the source said.

The drone strike added to a wave of attacks on the Gulf, including on Abu Dhabi, Dubai, Doha, Manama and Oman's commercial part of Duqm.

The strikes have paralyzed major shipping hubs in the United Arab Emirates and Oman and sent Brent crude futures LCOc1 surging roughly 10%.


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