Today is the 14th day of the ongoing war in Saudi Arabia and the situation remains serious. In the meeting chaired by Crown Prince Mohammed bin Salman, Saudi Arabia has talked about taking strict steps to protect its security and sovereignty. Due to continuous attacks, there is fear of a major economic crisis across the world. Aramco’s CEO has warned that if the situation continues like this, it will have serious consequences.
🗞️: Kuwait Govt Update: Kuwait strongly condemned the Israeli attack on Lebanon, concern increased due to drone attack on Kuwait airport.
Saudi air defense foiled major attacks
Saudi Air Defense has destroyed 24 drones and 7 ballistic missiles within its range. These missiles and drones were fired to target many important targets. However, work at the Ras Tanura refinery has been halted following a drone attack. Apart from this, Bahrain’s Bapco company has also declared force majeure after the attack on Al Mamir oil facility.
Oil prices cross 100 dollars and impact on the world
The closure of the Strait of Hormuz has had a huge impact on the supply of crude oil around the world. Aramco CEO Amin Nasser said that about 20 percent of the world’s oil passes through this route. Due to this blockage, the price of crude oil has crossed $ 100 per barrel. Due to gas shortage in India due to war, limited quantity of gas is being given to industries. At the same time, Qatar has closed its LNG facilities and China has also closed several refinery units due to decline in supply.
Rules and other important updates during Ramadan
Amidst these conditions of war, the month of Ramadan is going on and in the first 20 days 96 million people have reached the holy mosques. In view of this, the Tourism Ministry has issued a strict warning to property owners hosting travelers without permits. Due to increase in food and energy prices in the country, the inflation rate has reached 9.13 percent. Despite these difficulties, donations of more than 1 billion riyals have been collected through the National Philanthropic Campaign (Ehsan). With this, the Saudi Cabinet has officially declared 2026 as the year of Artificial Intelligence.
