Saudi Arabia: Economy

A drone strike hit Saudi Aramco's Ras Tanura refinery, causing a fire and visible damage that led to the facility's shutdown. The incident disrupted operations at a key energy installation.

In response to regional security concerns affecting maritime chokepoints, Aramco is conducting a review of alternative crude oil export routes. This includes evaluating a potential pathway through the Red Sea, which would provide an option to circumvent the Strait of Hormuz for shipments.