Saudi Aramco has cancelled all October crude allocations for European buyers following a drone strike on the East-West pipeline. This shutdown has severed crucial export routes, forcing European refiners to scramble for alternative supplies as global prices climb.

A fire sparked by a reported Houthi drone attack at the Saudi Aramco refinery in Jazan was extinguished on Sunday with no injuries reported.

Saudi Aramco shut down its 400,000 barrel-per-day Jizan oil refinery following a militant strike by Yemen's Houthi forces, adding pressure to the global fuel market.

A fragile four-year peace in Yemen is fracturing as military actions and Houthi attacks on Saudi oil facilities threaten global energy markets.

Yemen's Houthi rebels launched missile and drone strikes targeting Saudi Arabia, hitting Aramco facilities in Yanbu and Jizan amidst escalating hostilities.