Houthis Target Saudi Oil Sites
Yemen Houthi forces launched ballistic missiles targeting Saudi oil facilities and airports. The Saudi-led coalition intercepted several missiles as fighting escalated.
Yemen's Iran-backed Houthi movement launched a series of drone and missile strikes targeting Saudi Arabia's energy infrastructure over the weekend. The attacks shattered a 2022 UN-brokered truce, escalating regional hostilities linked to conflicts involving Iran as well as the United States and Israel according to military statements.
The renewed cross-border offensive threatens global energy supplies, sending shockwaves through commodity markets as traders reprice geopolitical risk premiums. Energy analysts warn that sustained strikes on critical processing hubs could constrain regional crude output and disrupt maritime transit lanes.
