Fox News’ Benjamin Hall reports from Jordan on the multiple waves of missiles fired from Iranian territory towards Iraqi bases that typically house American forces.
Shares of Saudi Aramco opened at 34 riyals ($9.06) on Wednesday, that is the lowest since the company first traded publically on December 11, after Iran launched missiles on U.S. targets in Iraq.
Continue Reading Below
Aramco shares are down about 12 percent from a peak of 38.70 riyals on December 31, but still above the IPO price of 32 riyals that valued the company at $1.7 trillion, according to Reuters.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Saudi stocks also dropped 1.4 percent amid escalating tensions between the United States and Iran.
Iran fired surface-to-surface missiles at two Iraqi bases housing U.S. troops.
The Iranian missiles came in retaliation for an American drone strike that killed top Iranian Gen. Qasssem Soleimani. Trump and his advisers are under pressure to disclose more details about the intelligence that led to the U.S. strike.
CLICK HERE TO READ MORE ON FOX BUSINESS
Brent crude is trading up $0.75 or 1.1 percent to $69.02 per barrel. Benchmark U.S. crude oil climbed $0.51, or 0.8 percent, to $63.22 per barrel.
The Associated Press contributed to this article.
