Oil prices jump after Yemen’s Houthis claim attacks on Saudi facilities
Summary
Oil prices rose sharply after Yemen’s Houthi rebels said they attacked Saudi Arabia’s Aramco energy facilities. The threats to supply came amid ongoing tensions in the Middle East, including the US-Iran conflict, raising concerns about oil availability.Key Facts
- Brent crude oil prices jumped over 3% after attacks by Yemen’s Houthis.
- The attacks targeted Aramco facilities in Saudi Arabia, including in Yanbu and Riyadh.
- Saudi forces intercepted six ballistic missiles fired by the Houthis.
- Saudi authorities have not confirmed any damage or casualties.
- Aramco supplies about 10% of the world’s oil demand.
- Oil prices stayed above $100 per barrel due to continued Middle East tensions.
- Diplomatic talks between the US and Iran are ongoing but no peace deal has been reached yet.
- Analysts say oil markets remain at risk until the conflict de-escalates clearly.
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