Iran Attacks Saudi Aramco: New Tensions Erupt in Gulf Region

• Iran's Shahed-136 Drone attacked Saudi Aramco's Ras Tanura Refinery on March 2, 2026, causing a fire and temporary shutdown.
• The attack is linked to Iran's 'True Promise 4' campaign, aiming to pressure Gulf countries and retaliate against alleged Saudi-America-Israel alliance.
• Iran warns that Gulf countries hosting American military bases will be considered active participants in any conflict.
• The incident raises concerns about global oil supply chains, with Ras Tanura being a major export center, potentially impacting Brent Crude prices.
• India, heavily reliant on Gulf oil imports, faces potential inflation due to rising petrol, diesel, and LPG prices if supply is disrupted.