Fire near Aramco's Ras Tanura terminal after a claimed Houthi missile strike
Photo: Philip Jeffrey, CC BY-SA 2.0, via Wikimedia Commons
Saudi authorities contained a fire near Aramco facilities at Ras Tanura early on Oct 27. Ras Tanura is the kingdom's largest crude export terminal. Its refinery runs about 550,000 barrels a day. The Houthis claimed a missile hit. Damage and any effect on loadings are still unconfirmed. Portfolios with Gulf exposure should be reviewed for war and political violence exclusions. They should also be reviewed for contingent BI tied to supply. Sources: PLAS; Winda Beacon.