Gold trading workshop in Dubai

Register

Houthis Target Saudi Ras Tanura Refinery as Contained Fire Follows Missile Attacks

Yemen's Houthi movement claimed a ballistic missile strike targeted Saudi Arabia's 550,000 barrel-per-day Ras Tanura refinery, sparking a blaze that authorities quickly contained near the critical Persian Gulf terminal. The incident followed an early Tuesday attack in which Saudi defense forces intercepted three ballistic missiles targeting the Eastern Region and four drones aimed at the Southern Region, alongside interceptions of missiles directed toward Riyadh. The escalation comes after recent strikes on Saudi Aramco's Dhahran offices, the Shaybah field, and the East-West pipeline, heightening supply disruption risks across Red Sea and Gulf transit routes.

Category

UK Brent Oil

Sentiment

Bullish

Event

Geopolitics supply

Reading time

1 min