Iran has escalated its military actions in the Gulf, targeting Saudi Arabia's Yanbu oil refinery in the Red Sea owned by Aramco SAMREF, following Israeli strikes on Iranian oil facilities.

The Samref refinery in Saudi Arabia’s Red Sea coastal city of Yanbu was the target of an aerial attack early on Thursday, with minimal impact on operations, an industry source told Reuters, as Iran is following through on its threats to target energy infrastructure across the Gulf.