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Attacks have disrupted 5% of the world’s oil production.

Attacks on major oil plants in Saudi Arabia have shaken up global oil markets and complicated the already strained relations between the kingdom and its regional arch-rival Iran. Get up to speed fast here:

What happened over the weekend?
Coordinated strikes targeted key Saudi Arabian oil facilities early on Saturday morning, causing a dramatic escalation in tensions between Iran and Saudi Arabia.
Two crude processing facilities were hit: Abqaiq and Khurais. Abqaiq, operated by Saudi giant Aramco, is the world’s largest processing plant.
The attacks started a series of fires that took out nearly half of Saudi’s oil production — 5% of the global daily output.
Two Saudi sources familiar with the kingdom’s oil operations tell CNN that restoring production to its pre-attack levels “will take weeks, not days.”
“This is unprecedented in scale, and impact,” according to both sources.
A senior official told CNN that 19 Saudi targets were struck in Saturday’s attack, drawing on commercial satellite imagery shared with CNN.

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