Yemen's Houthis Appear To Have Struck Saudi Aramco Oil Refinery At Rabigh On Saudi Arabia's Red Sea Coast, With New Satellite Imagery Today Showing A Black Smoke Plume Roughly 80 Km Trailing Away From Site And The Fire Centred On The Oil Storage Tanks And Pressurised Storage Vessels

10/5/2026
Impact: -75
Financial Services

Satellite imagery indicates that Yemen's Houthis have attacked the Saudi Aramco oil refinery in Rabigh, located on Saudi Arabia's Red Sea coast. The images show a significant black smoke plume approximately 80 km from the site, with the fire concentrated around oil storage tanks and pressurized storage vessels. This incident may impact oil supply and prices, particularly affecting the USO stock, which tracks crude oil prices.

AI summary, not financial advice

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