Ras Tanura

Ras Tanura is a major oil refinery in Saudi Arabia owned by Aramco. Recent news focuses on alleged Iranian drone attacks targeting the facility on March 2, 2026. These attacks, occurring amidst escalating tensions between Iran, the US, and Israel, have significantly impacted global oil prices, reportedly causing a surge to $115 per barrel. While Iran's ambassador to Saudi Arabia denies responsibility for the attacks on Saudi oil infrastructure, the incident is viewed as a strategic escalation in the ongoing conflict, potentially serving the interests of other nations. The attacks and subsequent interceptions of missiles and drones by Gulf states highlight the vulnerability of energy infrastructure in the region and the broader implications for global energy security and regional stability. The situation underscores the complex geopolitical dynamics and the potential for further escalation in the Middle East.