Aramco Ras Tanura refinery shuts down after drone strike. Saudi Arabia's state oil giant closed its major refinery as a precautionary measure following drone strikes on the facility Monday. The closure immediately impacted global energy markets, with Brent crude oil prices surging 9.32 percent to near the 80 dollar per barrel level. The refinery shutdown comes amid escalating tensions in the Middle East, where tanker traffic through the Strait of Hormuz has largely halted due to ongoing conflict. The chokepoint handles roughly one-fifth of the world's oil supply, and the disruption is intensifying concerns about global energy availability. Goldman Sachs reported that refined product exports through Hormuz averaged 3.5 million barrels daily last year.
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