Saudi Warns Iran of Military Action After Refinery Strikes, Oil Surges

• Saudi Arabia warns of potential military action against Iran following strikes on its energy infrastructure.
• Foreign Minister Faisal bin Farhan Al Saud states Riyadh reserves the right to take military actions to defend its territory and economic interests.
• Remarks follow interception of ballistic missiles over Riyadh, targeting two refineries, which the minister called a deliberate act.
• Saudi Arabia criticizes Tehran's approach, stating it will not succumb to pressure and this strategy will backfire.
• Escalating attacks on Gulf energy assets, including Ras Laffan Industrial City in Qatar, have caused oil prices to surge to $110 per barrel.