Drone attack: World’s fourth-largest refinery shut down in UAE

Iran attack

One of the world’s largest refineries in the UAE was shut as a “precaution” after a drone attack nearby, a source said, while Saudi giant Aramco warned of the war’s devastating consequences on oil.

Aramco CEO and president Amin H. Nasser warned the war could have “catastrophic consequences” on oil markets and called for reopening the Strait of Hormuz—which normally carries about 20 per cent of global oil supplies but has been closed by the conflict.

Tehran appears to be attempting to knock major Gulf refineries offline as it tightens its chokehold on the Strait of Hormuz in a quest to inflict maximum pain on the global economy.

“The Ruwais refinery has halted operations out of precaution,” the source said, requesting anonymity to discuss sensitive matters. Punch