Iranian Drone Strikes Ras Tanura Refinery, Halting Operations at World's Largest Oil Hub

• Saudi Arabia's Ras Tanura refinery, operated by Saudi Aramco, was hit by Iranian drones, causing a major fire and halting operations.
• The refinery, the world's largest oil refining facility, produces over 550,000 barrels of crude oil per day and is critical for Saudi oil exports.
• The incident highlights the spreading Middle East conflict to strategic energy infrastructure and Tehran's willingness to target economic chokepoints.
• Analysts warn of potential escalation and further military responses from the US, Israel, or Saudi-led coalitions.
• The attack comes amid surging crude prices and disruptions in the Strait of Hormuz, raising concerns about global oil supply and inflationary pressures.