Skip to content
Back to Guavy Wire
Commodities

Houthis claim missile strike on Saudi Arabia's largest oil refinery

Instruments
Oil
Share

Yemen's Iran-aligned Houthis claimed responsibility for a strike on Saudi Arabia's largest oil refinery, the Ras Tanura facility, on Tuesday. The group stated that a ballistic missile hit the refinery, causing a fire at the complex, which also includes a shipping terminal. Saudi authorities did not immediately confirm the attack, but Bloomberg News reported that a fire near the terminal had been contained.

The Ras Tanura refinery, with a capacity of 550,000 barrels per day, was previously shut as a precautionary measure early in the Iran war. The facility is crucial for Saudi Arabia's oil exports, along with the port of Yanbu on the Red Sea, both of which have been targeted by the Houthis in the past.

The Houthis also reported attacks on Saudi military aircraft at Najran Airport and an airbase in Khamis Mushait, though these claims were not confirmed by Saudi officials. Meanwhile, the Saudi-led coalition fighting the Houthis said it intercepted and destroyed two ballistic missiles launched towards the capital Riyadh.

The escalating conflict has disrupted oil supplies and raised concerns about a broader regional conflict, eight months after the Iran war began. The fighting has also shattered a 2022 UN-brokered truce between the coalition and the Houthis, who control the Yemeni capital Sanaa.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc