Why Saudi attacks changed the calculations on regional security | Financial Times:
As Saudi Aramco staff struggled to comprehend the scale of the 3am drone and missile attacks on the state oil company’s crown jewels, some felt it was like doomsday. More than 10 fires raged across the company’s Abqaiq plant, the world’s largest oil processing hub, with huge flames illuminating the night sky as thick black smoke billowed over the desert.
The Khurais oilfield, south-west of Abqaiq, was also hit. The co-ordinated assaults in Saudi Arabia’s oil-rich Eastern Province caused the worst disruption to the kingdom’s oil industry in Aramco’s 86-year history, knocking out half of its daily oil production, equivalent to 5 per cent of global supply.
Riyadh described it as an attack not just on the kingdom, but also on the global energy industry. When energy markets reopened after the strikes, oil prices soared by as much as 20 per cent — the biggest percentage jump since Saddam Hussein’s Iraq invaded Kuwait in 1990.
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