Houthis Hit Saudi Oil Refinery

Yemens Houthis targeted the major Saudi Ras Tanura oil refinery with a ballistic missile, sparking a fire. Saudi authorities and coalitions intercepted additional missiles near Riyadh.

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General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah

Yemen-aligned Houthi forces launched a ballistic missile attack on Saudi Arabia's Ras Tanura oil refinery, sparking a fire at the kingdom's largest processing complex on Tuesday afternoon. The strike escalates eight months of regional conflict, threatening global energy flows as Brent Crude Oil trades near recent highs. Investors face heightened supply risks as maritime transit routes through the Red Sea encounter mounting disruptions.