International oil prices surged in the short term after reports that Saudi Arabia's Ras Tanura refinery was shut down following a drone attack.

On March 2, international oil prices surged in the short term, with WTI crude oil rising by 9% during the day to $73.07 per barrel; Brent crude rose over 9% to $79.55 per barrel.

Reports say that Saudi Arabia's RAS TANURA refinery was shut down after being attacked by drones. According to Xinhua News Agency, Al Jazeera cited Iranian military sources on the 2nd saying that three British and American oil tankers were attacked in the Persian Gulf and the Strait of Hormuz.

More updates to follow...

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