Saudi Aramco’s Ras Tanura refinery struck again by unknown projectile – report

March 4, 2026
-FXnews

As a reminder, Aramco’s Ras Tanura refinery is the largest oil refinery in the Middle East. As such, this will just continue with the ongoing disruption to the oil market – not least with the de facto closure of the Strait of Hormuz.

WTI crude oil remains up by 2.3% on the day to $76.50 currently. The volatile moves continue in the oil market but at the balance, they are siding with a more bullish push. WTI crude oil is up nearly 14% now on the week, threatening a break of the June 2025 highs

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