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Global Oil Prices Surge After Ras Tanura Strike

Global oil markets rallied sharply on March 2, 2026, after a drone strike hit Saudi Arabia’s Ras Tanura refinery. The attack targeted one of the world’s most critical energy hubs. Consequently, Brent crude futures jumped as Middle East tensions escalated. Ras Tanura processes about 550,000 barrels per day. Following the strike, authorities ordered a precautionary […]