Browsing Tag
Ras Tanura
6 posts
Iran’s missiles hit Saudi soil: Why Riyadh’s defence budget just got a hard floor
Riyadh's defence budget is shielded from oil shocks and Iran's missiles. The harder test is whether localisation hits 50 percent by 2030.
Brent crude tops $105 as Strait of Hormuz remains shut in largest supply disruption in global oil market history
Oil rises to $105 as US-Israeli war on Iran threatens Gulf export terminals and keeps Strait of Hormuz shut in the biggest supply disruption in history.
Aramco CEO says 6.7 million barrels a day lost as Hormuz shutdown surpasses every prior Gulf energy crisis
Saudi Aramco CEO Amin Nasser warns of catastrophic consequences for global oil markets as the Strait of Hormuz crisis deepens. Read our full analysis.
Saudi-Pakistan defence pact activated as Iran presses missile and drone campaign across Gulf
Saudi Arabia warns Iran against miscalculation after ballistic missiles target Prince Sultan Air Base and drones hit Shaybah oil field on 7 March 2026.
Hormuz stays shut for fifth day: Qatar offline a month, Ras Tanura struck, oil up 12%
US Navy sinks Iranian frigate IRIS Dena off Sri Lanka as Strait of Hormuz shipping crisis enters day five, stranding 200 tankers and triggering global energy alerts.
Iran threatens $200 oil as Strait of Hormuz closure declaration sends markets into shock
Iran's IRGC declared the Strait of Hormuz closed March 3, 2026, threatening vessel strikes as Brent rose 13% and Maersk suspended all Persian Gulf transit operations.