Key Highlights
- Ras Tanura is the world's largest oil refinery with a capacity of 550,000 barrels per day.
- The shutdown followed a drone strike that resulted in a minor fire but no casualties.
- Brent crude prices surged by 8-9% to $80 per barrel after the attack.
- The drone strike is seen as a direct response to increasing hostilities between Iran and the US-Israel alliance.
- Saudi authorities confirmed the situation at the refinery remains under control.
