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Saudi Arabia has suspended operations at several energy facilities following recent attacks that targeted oil, gas, and electricity sites in Riyadh, the Eastern Province, and Yanbu Industrial City, according to the Saudi Press Agency citing the Ministry of Energy. The attacks resulted in the death of one Saudi industrial security worker and injuries to seven others. The disruption has reduced the kingdom’s oil production capacity by about 600,000 barrels per day.
The Saudi Press Agency reported that the attacks were part of a series of drone and missile strikes launched by Iran against Gulf countries, including Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar. These assaults have occurred in response to the US and Israeli war on Iran that began on February 28. The Ministry of Energy warned that continued attacks could further reduce supply, slow recovery, and heighten volatility in global oil markets.
Oil prices rose on Wednesday amid uncertainty over a fragile Iran-US ceasefire and the potential reopening of the Strait of Hormuz, which Iran had blocked during the conflict. The truce remains uncertain due to ongoing hostilities involving Israel, Lebanon, and Iran.
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