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April 12, 2026

Saudi Arabia’s Aramco Ras Tanura refinery hit by drone strike, shuts down; Brent Crude rises 9%

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Saudi Arabia’s Aramco, the state oil giant, shut down its Ras Tanura oil refinery on Monday following drone strikes in the facility, Reuters and Bloomberg report.

The reports of the closure sent Brent crude oil prices skyrocketing by 9.32%.

According to the Reuters report quoting an official, the Ras Tanura refinery of Aramco was shut as a precautionary measure. The situation was under control, the official said.

(This is a developing story. Check back for updates)

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