Houthis Strike Saudi Targets as Hormuz Talks Stall
Yemeni Houthis launched fresh missile and drone attacks against Saudi Arabia as diplomatic efforts to reopen the Strait of Hormuz stalled. The renewed conflict pushed oil prices higher and raised concerns over global energy supplies.
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Yemen's Houthi movement struck Saudi Arabia with missiles and drones on Monday, disrupting regional energy infrastructure as diplomatic talks collapsed. The escalation pushed Brent Crude Oil prices up 1% following an earlier 4% surge. Traders warn that prolonged shipping blockades threaten 4% of global oil supplies.
