- Tensions rise after Houthi missiles hit important Saudi Arabian oil infrastructure (AEGIS OPEC Watch)
- Explosions rocked the city of Dhahran, Saudi Arabia, where Aramco is headquartered, according to witnesses. The Saudi Energy Ministry said key oil infrastructure at Ras Tanura was hit during the attack, but that its facilities and oil output was unaffected. Loadings in the Ras Tanura area were continuing on Monday, according to the Ministry
- On Sunday, March 7, Saudi Arabia was attacked by missiles and drones that briefly sent oil prices higher
- The attacks were claimed by Iran-backed Houthi rebels, according to Bloomberg. The initial scare and possible threat to supply resulted in Brent crude reaching $71.37/Bbl and WTI touching nearly $68
- Iran slips record amount of oil into China as U.S.-President Joe Biden has sought to revive talks with Iran
- Indian state refiners have added Iranian fuel to their annual import plans under the assumption that sanction by the U.S. will be eased
- Geneva-based tanker tracker Petro-Logistics said Iranian oil loadings in January exceeded 600,000 MBbl/d for the first time since May 2019, per Reuters