One multiple drone strike on a Saudi oil refinery and suddenly 5 per cent of the global oil supply is pinched off.
The resulting immediate 15 per cent spike in oil prices on the open market is not surprising. It will translate into 5p extra at least at the pumps.
The fragility of the oil price is highlighted by this action. The consequent actions taken by other players in the Middle East will also affect oil prices no doubt. Turbulent times indeed.
