Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Greek-operated air defence system shoots down Iranian missiles over Saudi
    Finance

    Greek-Operated Air Defence System Shoots Down Iranian Missiles Over Saudi

    Published by Global Banking & Finance Review®

    Posted on March 19, 2026

    2 min read

    Last updated: March 19, 2026

    Image illustrating the Biysk Oleum Factory's acquisition of Siemens equipment via intermediaries, highlighting the circumvention of Western sanctions. This reflects ongoing military production efforts in Russia.
    Russian bomb factory acquiring Siemens technology amid sanctions - Global Banking & Finance Review
    Tags:FinanceBankingMarkets

    Quick Summary

    A Greek‑operated Patriot air defence system in Saudi Arabia successfully intercepted two Iranian ballistic missiles targeting oil infrastructure on March 19, 2026. This marks the first operational engagement by Greek personnel since their 2021 deployment.

    Table of Contents

    • Greek Patriot System Thwarts Missile Attack in Saudi Arabia
    • Details of the Interception
    • Significance of the Operation
    • Background on Greek Deployment
    • International Assistance in Gulf Defence
    • France and Australia’s Contributions
    • Saudi Arabia’s Response

    Greek-Operated Air Defence System Intercepts Iranian Missiles Over Saudi Arabia

    Greek Patriot System Thwarts Missile Attack in Saudi Arabia

    By Lefteris Papadimas

    Details of the Interception

    ATHENS, March 19 (Reuters) - An air defence system operated by Greek military personnel in Saudi Arabia intercepted two ballistic missiles launched from Iran on Thursday, Greece's defence minister said.

    Nikos Dendias said a Greek-operated Patriot air defence system had intercepted Iranian missiles targeting oil refineries in Saudi Arabia, without specifying where in the kingdom.

    Significance of the Operation

    "The protection of refineries and oil units is of great importance," he said in a televised statement.

    Background on Greek Deployment

    Greece has deployed a U.S.-made Patriot air defense battery, operated by Greek personnel, in Saudi Arabia since 2021 under an agreement to help protect the kingdom's energy infrastructure.

    Thursday's interception was the first time that Greek personnel had operated the system, a Greek defence ministry official told Reuters.

    International Assistance in Gulf Defence

    Other outside states have also offered assistance in defending the Gulf against Iranian attacks launched in response to U.S.-Israeli strikes on Iran that began on February 28.

    France and Australia’s Contributions

    France has assisted the United Arab Emirates in defending against Iranian attacks, under a longstanding defence agreement between the two countries. Australia has also said it would send a surveillance aircraft and missiles to help bolster UAE defences.

    Saudi Arabia’s Response

    Earlier on Thursday, Saudi Arabia's defence ministry said that a ballistic missile targeting the Red Sea port city of Yanbu, where there is an oil refinery, had been intercepted.

    It was unclear whether the missile was one of those intercepted by the Greek-operated system.

    (Reporting by Lefteris Papadimas, writing by Alexander Cornwell; Editing by Aidan Lewis)

    Key Takeaways

    • •Greece has maintained a Patriot battery deployment in Saudi Arabia since September 2021 to safeguard critical energy infrastructure under the Hellenic Force Saudi Arabia (ELDYSA) mission (en.wikipedia.org).
    • •Thursday’s intercept is the first time Greek servicemembers have actively operated the system in combat, confirming its readiness and strategic value (forbes.com).
    • •Amid regional tensions sparked by U.S.–Israeli strikes on Iran, other allies—including France and Australia—are also reinforcing Gulf air defences through surveillance deployments and missile support (lemonde.fr).

    References

    • Hellenic Air Force
    • Why Saudi Arabia Needs Greece’s Patriot Missile System
    • Europeans ready for defensive military actions in region after Iranian strikes in the Gulf

    Frequently Asked Questions about Greek-operated air defence system shoots down Iranian missiles over Saudi

    1Who operated the air defence system that shot down Iranian missiles over Saudi Arabia?

    The air defence system was operated by Greek military personnel deployed in Saudi Arabia.

    2What type of missiles were intercepted in Saudi Arabia?

    Ballistic missiles launched from Iran targeting oil refineries in Saudi Arabia were intercepted.

    3What is the significance of the interception for Saudi Arabia?

    The interception protected key oil refineries, which are vital for the country's energy infrastructure.

    4Since when has Greece operated the Patriot air defence system in Saudi Arabia?

    Greece has deployed and operated the U.S.-made Patriot air defence battery in Saudi Arabia since 2021.

    5Which other countries have assisted Gulf states against Iranian missile attacks?

    France and Australia have also assisted, with France aiding the UAE and Australia providing surveillance and missiles.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Image for UK to focus reduced aid budget on conflict-hit countries, cuts funding for Africa
    UK to Focus Reduced Aid Budget on Conflict-Hit Countries, Cuts Funding for Africa
    Image for BoE's Bailey says markets are getting ahead of themselves on rate rises
    BoE's Bailey Says Markets Are Getting Ahead of Themselves on Rate Rises
    Image for Joint statement on Strait of Hormuz by European nations and Japan
    Joint Statement on Strait of Hormuz by European Nations and Japan
    Image for Instant View: ECB holds rates steady as Middle East war re-ignites inflation fears
    Instant View: ECB Holds Rates Steady as Middle East War Re-Ignites Inflation Fears
    Image for ECB raises inflation forecast on higher energy costs
    ECB Raises Inflation Forecast on Higher Energy Costs
    Image for European countries and Japan: ready to help on Hormuz, stabilise energy markets
    European Countries and Japan: Ready to Help on Hormuz, Stabilise Energy Markets
    Image for ECB keeps rates unchanged but signals readiness to act on energy
    ECB Keeps Rates Unchanged but Signals Readiness to Act on Energy
    Image for Blogger who criticised Putin has been put in psychiatric facility, local newspaper reports
    Blogger Who Criticised Putin Has Been Put in Psychiatric Facility, Local Newspaper Reports
    Image for Iliad's Scaleway expands to Italy, seeks to rival US cloud giants in Europe
    Iliad's Scaleway Expands to Italy, Seeks to Rival US Cloud Giants in Europe
    Image for BoE policymakers vote 9-0 to keep rates on hold in face of war risks
    BoE Policymakers Vote 9-0 to Keep Rates on Hold in Face of War Risks
    Image for Italy's Eni deconsolidates renewable unit Plenitude
    Italy's Eni Deconsolidates Renewable Unit Plenitude
    Image for Top IKEA retailer to cut 800 office jobs
    Top Ikea Retailer to Cut 800 Office Jobs
    View All Finance Posts
    Previous Finance PostIran Targets Energy Facilities Across Gulf After Israel Struck Its Key Gas Installations
    Next Finance PostUK and Nigeria Agree Billion-Dollar Export Finance Deal to Refurbish Ports