Attack on Saudi refinery threatens India’s already slowing economy

Niharika Sharma
Attack on Saudi refinery threatens India’s already slowing economy

India, the world’s third-largest oil importer, has a reason to worry as escalating geopolitical tensions in West Asia have raised the spectre of higher oil prices. On Sept. 14, 10 drones targeted Saudi Arabia’s Abqaiq oil refinery and Khurais oil field, belonging to the state-owned Aramco. At the sites, which account for over 5% of global oil supply, the attacks sparked massive fires that were visible from outer space.