Saudi Arabia intercepts wave of Houthi missiles as oil climbs to one-week high

AI Summary

Saudi Arabia intercepted six ballistic missiles fired by Iran-backed Houthi forces targeting areas including Taif and Yanbu, main alternative routes for Saudi oil export. These missile attacks contributed to oil prices rising to a one-week high amid fears of supply disruptions.

The ⁠Saudi-led coalition in Yemen said the missiles were ⁠aimed at Taif and the Yanbu area on the Red Sea, the main alternative route for Saudi oil Saudi Arabia says it intercepted six ballistic missiles fired by Yemen’s Iran-backed Houthis, with the latest attacks pushing oil prices ⁠to a one-week high over fears of spiralling supply disruptions. The ⁠Saudi-led coalition in Yemen said the missiles were ⁠aimed at Taif in western Saudi ​Arabia and the Yanbu area on the Red Sea, with the Houthis claiming their attacks were aimed at “a sensitive target” in the capital Riyadh and on Saudi Aramco facilities in Tanbu. Continue reading...