IMF Sees Global Risks From Strike on Aramco Headquarters
The fund warned of wider economic spillovers after an attack damaged an administrative building at Saudi Aramco’s headquarters in Dhahran.
Key takeaways
- The IMF warned attacks on Saudi Arabia could hurt economies worldwide.
- Saudi Arabia’s energy ministry reported a limited fire and no deaths or injuries at Aramco’s headquarters.
The IMF warned that attacks on Saudi Arabia could have negative effects on economies worldwide after a strike damaged an administrative building at Saudi Aramco’s headquarters in Dhahran. The energy ministry said the attack caused a limited fire and no deaths or injuries.
The Iran-aligned Houthis claimed responsibility. The IMF expects Saudi Arabia’s economy to shrink 3.3% this year before growing 7.9% in 2027, with the recovery forecast assuming shipping through the Strait of Hormuz gradually reopens from March 2027.
As of 10:09 UTC Thursday, Aramco shares traded at 25.24 riyals, down 0.55% since the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
