Damage confirmed at Saudi Aramco's Abqaiq oil processing plant

Satellite images have verified that the Abqaiq oil processing plant, the largest facility owned by Saudi Aramco, sustained damage after a drone attack that ignited a fire. The plant handles a substantial share of Saudi Arabia’s crude before export, making it a pivotal node in global oil supply. Analysts warned that the damage could tighten worldwide crude markets and put upward pressure on prices. Saudi Aramco has not yet released an official assessment of the extent of the damage or a recovery timetable.