Saudi Aramco Shares Jump as Oil Prices Rise on Iran War Fears

Saudi Aramco Gains as Iran War Lifts Oil Prices

On March 9, 2026, Investing.com reported that Saudi Aramco shares rose sharply on Sunday as escalating tensions in the Middle East drove oil prices higher and increased concerns about disruptions to global energy supplies.

Aramco Shares Climb as Supply Risks Grow in the Gulf

Saudi Aramco, the national oil company, rose as much as 4.9% during Sunday trading in Riyadh, marking its biggest gain since May 2023. The jump came on the first trading day after Brent crude climbed above $90 a barrel on Friday, as the Iran war moved into its second week.

Oil prices have been rising as fears grow over supply risks in the region, especially around the Strait of Hormuz, a vital shipping route for about 20% of global oil exports. Saudi Arabia and other Gulf states said they intercepted Iranian missiles and drones overnight into Sunday, underscoring the growing intensity of the regional conflict.

Aramco has also come under pressure from direct threats to its facilities. Drones were intercepted near the Shaybah field, while the Berri field suffered minor damage. Together, the two sites have a production capacity of about 1.5 million barrels per day.

The conflict has also affected Aramco’s Ras Tanura refinery, the largest in Saudi Arabia, which was forced to stop operations last week after a nearby drone strike.

Aramco Shares Climb as Supply Risks Grow in the Gulf

For Saudi Aramco, the focus is now on how the company manages operational risks while higher oil prices keep market attention firmly on the Gulf. As the Iran war continues, investors are wondering if further attacks on energy infrastructure will lead to deeper supply disruptions across the region.