Last Saturday saw an unprecedented strike on Saudi Arabia's oil infrastructure leading to the temporary suspension of half of the country's oil capacity - over 5 million barrels. This saw the removal of about 5 per cent of global oil supplies from the market. Oil prices rose by almost 20 per cent before falling again.
According to Bloomberg, the attacks led to the single biggest disruption of oil supplies on record. Widely circulated footage from Saudi Arabia showed vast fires engulfing the targeted oil facilities.