World · 2 March 2026
Iranian drone hits world's largest refinery, oil prices jump 9%
Photo by Maksym Kaharlytskyi on Unsplash
Video footage circulating on social media shows thick black smoke billowing from Saudi Aramco's Ras Tanura oil refinery after an Iranian drone strike on Monday 2 March 2026. Saudi officials say two drones were intercepted near the facility, with falling debris triggering a localised fire. The refinery — one of the world's largest, processing over 550,000 barrels per day — was shut as a precaution. No casualties were reported. Oil prices surged by around 9–10% amid fears over regional supply disruption and the ongoing closure of the Strait of Hormuz.
Reported by Al Jazeera · How we write briefs