03-March-2026
Corporate News
 
Iran war: Saudi Aramco shuts down Ras Tanura refinery after drone strike
02-Mar-2026

Saudi Aramco has shut down its Ras Tanura refinery as a precautionary measure after the facility was hit by a drone, in an escalation of the Iran war that now threatens to ensnare the whole of the Middle East. Crude oil prices surged to $80/barrel on the news. Two drones were intercepted at the facility, with the debris causing a limited fire, a spokesperson for the Saudi Defence Ministry said on Al Arabiya TV, adding there were no injuries.

News Source:- https://www.hindustantimes.com/business/iran-war-saudi-aramcos-ras-tanura-refinery-shut-down-after-drone-strike-101772436285642.html