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● TRACKER Updated 9d ago Β· 75 sources tracked

Oil rises after Houthi attack on Saudi capital

Crude prices climbed as an attack claimed by Yemen's Iran-backed Houthi movement on Saudi Arabia's Ras Tanura refinery stoked supply fears. Brent crude futures gained 0.7% to $114.68 a barrel on Wednesday. The escalation reinforced concerns that energy disruptions will sustain inflation and complicate the Federal Reserve rate outlook. Meanwhile, Asian markets saw oil ease later following outreach to Iran pointing toward potential talks. Separate geopolitical developments continued as Hezbollah vowed to maintain its resistance despite ongoing Israeli elections and military pressure.

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  • βœ“ Oil prices rose on Wednesday as an attack claimed by Yemen's Iran-backed Houthi movement on Saudi Arabia's Ras Tanura refinery heightened fears of a prolonged Middle East conflict.
  • βœ“ Brent crude futures gained 0.7% to $114.68 a barrel.
  • βœ“ Oil eased in Asia as outreach to Iran pointed to a firmer push for talks.
πŸ›‘οΈ Source Corroboration: 75 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Oil prices initially climbed above $114 a barrel following the Ras Tanura refinery attack before easing in Asia due to outreach to Iran pointing toward talks.

Live updates

  1. Oil Rises After Houthi Strike on Saudi Refinery

    Crude prices climbed as an attack claimed by Yemen's Iran-backed Houthi movement on Saudi Arabia's Ras Tanura refinery stoked supply fears. Brent crude futures gained 0.7% to $114.68 a barrel on Wednesday. The escalation reinforced concerns that energy disruptions will sustain inflation and complicate the Federal Reserve rate outlook. Meanwhile, Asian markets saw oil ease later following outreach to Iran pointing toward potential talks. Separate geopolitical developments continued as Hezbollah vowed to maintain its resistance despite ongoing Israeli elections and military pressure.

    Why it matters

    The recent Houthi assault on Saudi petroleum infrastructure highlights the vulnerability of global energy supplies amid expanding regional conflicts. Energy markets remain hyper-sensitive to Middle Eastern instability, which directly impacts inflation trajectories and central bank policy decisions. Concurrent diplomatic efforts and ongoing hostilities involving Iran and proxy groups continue to inject volatility into global trading.

    What is confirmed

    • Oil prices rose on Wednesday as an attack claimed by Yemen's Iran-backed Houthi movement on Saudi Arabia's Ras Tanura refinery heightened fears of a prolonged Middle East conflict.
    • Brent crude futures gained 0.7% to $114.68 a barrel.
    • Oil eased in Asia as outreach to Iran pointed to a firmer push for talks.

    Still unconfirmed

    • Hezbollah chief Naim Qassem stated that the movement is not concerned with the results of Israel's election and will continue its resistance.

    What to watch next

    • Developments in diplomatic outreach to Iran and potential talks
    • Federal Reserve interest-rate decisions influenced by energy supply inflation
    • Further Houthi military actions targeting regional energy infrastructure
    Sources used for this update (4)
    1. www.cbsnews.com β€” Live Updates: Iran rejects "unacceptable" ideas as Qatari mediators say they presented new draft deal to Tehran
    2. www.tekedia.com β€” Oil Climbs Above $114 as Houthi Attack Fuels Middle East Supply Fears, Gold Slips Ahead of Fed Decision
    3. www.thenationalherald.com β€” Spain Reckons with 2Nd Deadly Train Crash of the Year Ahead of National Election
    4. investinglive.com β€” investingLive Asia-Pacific market news: Oil eases on Vance’s Iran outreach
    confidence 90%
  2. Houthis Target Saudi Oil Stations and Airports

    Yemen's Iran-aligned Houthis announced fresh attacks targeting Saudi Arabia's East-West crude oil pumping stations, oil facilities, a refinery, and airports in Riyadh, Dammam, and Najran. The military escalation comes amid renewed fighting in Yemen and a wider US-Israeli war on Iran, choking oil supplies and driving crude prices higher. Brent crude previously climbed to $114 per barrel intraday, while West Texas Intermediate traded near $100 following earlier strikes on infrastructure.

    Why it matters

    Intensifying regional hostilities threaten critical energy supply lines in the Middle East. The strikes on Saudi Aramco facilities and regional airports follow a pattern of escalating drone and missile activity that has already prompted security evacuations at corporate headquarters.

    What is confirmed

    • Yemen's Iran-aligned Houthis stated on Monday that they attacked Saudi Arabia's East-West crude oil pumping stations and Riyadh airport.
    • The Houthis claimed they attacked Saudi oil facilities, an oil refinery, and multiple airports including Dammam and Riyadh.

    Still unconfirmed

    • Saudi authorities did not comment directly on the Houthi statements regarding the Saturday attacks.

    What to watch next

    • Official statements from Saudi energy or aviation authorities confirming damage levels from the latest strikes.
    • Further crude price movements on global markets as supply fears persist.
    Sources used for this update (10)
    1. www.nytimes.com β€” The New York Times - Breaking News, US News, World News and Videos
    2. www.yahoo.com β€” Yahoo
    3. www.chosun.com β€” Trump Blasts Nobel Committee, Claims War Prevention
    4. www.jpost.com β€” Saudi says Riyadh airport partly reopens despite ongoing fighting with Yemen's Iran-backed Houthis
    5. www.indiatoday.in β€” Yemen's Houthis say they attacked Dammam and Riyadh airports, Saudi Aramco facility, oil refinery - India Today
    6. www.cp24.com β€” Mideast news: Israel imposes closures across West Bank city
    7. www.straitstimes.com β€” Houthis attack Saudi oil stations and Riyadh airport | The Straits Times
    8. cyprus-mail.com β€” Houthis claim attacks on Saudi oil facilities and Riyadh airport
    9. www.timesnownews.com β€” Houthis Unleash Wave of Attacks on Saudi Oil Lifeline, Airports in Riyadh, Dammam, Najran and Military Bases | Times Now
    10. www.thestar.com.my β€” Houthis say they attacked Saudi oil pumping stations, Riyadh airport as fighting intensifies | The Star
    confidence 100%
  3. Oil Prices Surge as Houthi Attacks Hit Saudi Infrastructure

    Crude prices climbed sharply as intensifying Houthi strikes targeted Saudi Arabian infrastructure, prompting evacuations and a diplomatic drawdown. Brent crude reached $114 per barrel intraday on Friday, while West Texas Intermediate traded near $100. Saudi Aramco evacuated its Dhahran headquarters following an alarm. Meanwhile, Saudi Arabia's aviation authority confirmed two people were killed and eight injured in an attack on King Fahd International Airport in Dammam, though operations resumed Thursday.

    Why it matters

    The escalation in the Middle East has heightened supply concerns for global energy markets, driving Brent crude to a five-month high. The United States and Israel are advancing strike plans against Iran amid the regional volatility. And the United States ordered non-emergency staff to leave Saudi Arabia.

    What is confirmed

    • The price of Brent crude oil reached $114 per barrel intraday on Friday.
    • Saudi Arabia's aviation authority confirmed two people were killed and eight injured in an attack on King Fahd International Airport in Dammam.

    Still unconfirmed

    • The United States and Israel are advancing Iran strike planning, and the U.S. ordered a non-emergency staff drawdown from Saudi Arabia amid Houthi attacks.

    What to watch next

    • Whether the United States and Israel proceed with military strikes against Iran.
    • Further updates on crude oil price movements and energy supply disruptions.
    • Additional security measures or evacuations affecting foreign personnel in Saudi Arabia.
    Sources used for this update (7)
    1. seekingalpha.com β€” Patient Capital Management Q3 2026 Commentary
    2. www.briefs.co β€” Oil jumps as U.S. and Israel advance Iran strike planning; U.S. orders Saudi drawdown
    3. www.briefs.co β€” Aramco Evacuates Dhahran HQ After Alarm as Houthi Strikes Intensify
    4. www.rigzone.com β€” Oil Hits $114 Intraday
    5. en.yenisafak.com β€” Death toll rises to 2 in attack on Saudi Arabia’s Dammam airport
    6. www.globalbankingandfinance.com β€” Oil little changed as supply concern lingers amid Houthi attacks
    7. www.dailysabah.com β€” Houthis claim attack on Saudi position in Aden while clashes flare | Daily Sabah
    confidence 90%
  4. Houthi Threats Follow Saudi Strikes And Base Attack

    Crude markets fluctuate following a wave of Houthi strikes targeting Saudi infrastructure, including the headquarters of state oil giant Saudi Aramco and the capital's airport. Egypt is currently weighing troop deployments and pledged all necessary support to Riyadh. Meanwhile, the death toll from a separate Houthi ballistic missile strike on a military base in Yemen's southeastern oil-rich province of Shabwa has risen to fifty-three soldiers. The militant group promises further attacks against Saudi airports and oil facilities, framing the targeted locations as legitimate targets following the Riyadh operations.

    Why it matters

    The escalation highlights severe vulnerabilities in regional energy infrastructure and international supply security. Regional powers are actively realigning defenses and military postures as the conflict broadens beyond Yemen's borders into Saudi territory. The rising casualties among government forces underscore the intensifying ground and missile dimensions of the ongoing war.

    What is confirmed

    • Yemen's Houthis vowed on Wednesday to continue attacks on airports and oil facilities in Saudi Arabia.
    • Sources reported extensive damage to the headquarters of oil giant Saudi Aramco following a strike.
    • The death toll from a Houthi missile attack on a military camp in Yemen's southeastern oil-rich province of Shabwa rose to 53 soldiers.
    • Cairo pledged all necessary support and the Egyptian parliament weighed a military deployment to Saudi Arabia.

    Still unconfirmed

    • Global crude oil prices edged lower following three days of gains amid the ongoing Houthi escalation.

    What to watch next

    • Official decisions from the Egyptian parliament regarding troop deployments to Saudi Arabia.
    • Further assessments of operational damage at the Saudi Aramco headquarters and Riyadh airport.
    Sources used for this update (8)
    1. www.france24.com β€” France 24 - International breaking news, top stories and...
    2. www.straitstimes.com β€” Oil edges lower following three days of gains
    3. www.businesstimes.com.sg β€” Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit - The Business Times
    4. www.dzrh.com.ph β€” Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit
    5. gcaptain.com β€” Yemen’s Houthis Vow More Attacks on Saudi Airports, Oil Facilities After Aramco HQ Hit - gCaptain ,Maritime News
    6. www.hngn.com β€” Egypt Weighs Troops for Saudi Arabia as Houthi War Empties a Riyadh Landmark
    7. ommcomnews.com β€” Death Toll Rises To 53 Following Houthi Missile Attack On Military Base In SE Yemen
    8. aapnews.aap.com.au β€” Houthi rebels strike Yemeni govt forces, killing 53
    confidence 95%
  5. Crude Prices Rise as Houthis Target Saudi Capital

    Global crude prices are climbing as Iran-backed Houthi rebels escalate attacks against Saudi Arabian infrastructure, targeting Riyadh airport and striking the headquarters of state oil giant Aramco. The overnight missile strikes left four people wounded and damaged senior executive offices in the capital. In response, the Saudi-led coalition launched retaliatory airstrikes on oil facilities in the Houthi-controlled Yemeni capital of Sanaa. The widening conflict poses significant risks to global energy supplies and forces international markets to reevaluate supply security as the militant group promises further strikes in the coming days.

    Why it matters

    Saudi Arabia spends tens of billions of dollars annually on defense yet struggles to shield critical assets like refineries and pipelines from drone and missile strikes. Crude oil reached 95.16 USD per barrel on September 28, marking a 49.97 percent increase compared to the previous year amid ongoing hostilities. President Trump is currently considering potential United States actions regarding this new front line in the wider Middle East war.

    What is confirmed

    • Crude oil rose to 95.16 USD/Bbl on September 28, 2026, up 2.97 percent from the previous day.
    • Houthi rebels launched an attack targeting Riyadh airport and facilities belonging to Saudi oil giant Aramco.
    • The Saudi-led coalition carried out airstrikes targeting major oil facilities in the Houthi-controlled Yemeni capital of Sanaa.

    Still unconfirmed

    • President Trump is actively considering U.S. action in response to the new front line in the Mideast war.

    What to watch next

    • Any direct military intervention or security decisions by the United States regarding the Houthi attacks.
    • Further Houthi strikes on Saudi airports or oil infrastructure.
    • Official reports on the extent of damage to Aramco headquarters and regional oil production capacity.
    Sources used for this update (12)
    1. oilprice.com β€” Crude Oil Prices Today | OilPrice.com
    2. oilprice.com β€” Oil News Today | OilPrice.com
    3. tradingeconomics.com β€” Crude Oil - Price - Chart - Historical Data - News
    4. edition.cnn.com β€” Why billions spent on defense haven’t shielded Saudi Arabia from Houthi attacks | CNN
    5. www.aljazeera.com β€” Iran war live: Saudi coalition hits Houthi sites; Aramco office hit in east | US-Israel war on Iran News ....
    6. www.cbsnews.com β€” Live Updates: Houthis launch new attack on Saudi capital as Trump mulls U.S. role in Mideast war's new front
    7. www.france24.com β€” Live: Loud explosions heard in Saudi capital Riyadh following attack on Aramco building - France 24
    8. www.bostonherald.com β€” Houthis struck Saudi oil giant Aramco’s headquarters overnight, regional officials say
    9. news.sbs.co.kr β€” Saudi Arabia Launches Retaliatory Airstrikes on Oil Facilities in Houthi-Controlled Yemeni Capital
    10. www.france24.com β€” Oil facility near Yemen capital Sanaa hit by Saudi Arabia, Houthis say - France 24
    11. www.straitstimes.com β€” Yemen Houthis threaten more attacks on Saudi Arabia | The Straits Times
    12. www.iranintl.com β€” Arab League condemns Houthi attacks on government and civilian sites in Yemen
    confidence 95%
  6. Oil prices rise after Houthi attacks on Saudi Arabia

    Global oil prices are climbing following a series of Houthi attacks on Saudi Arabian infrastructure, including airports and oil facilities. The Iran-backed rebels claimed responsibility for the strikes, which have resulted in casualties and disruptions to civilian life. Saudi Arabia has responded with airstrikes on Houthi targets in Yemen.

    Why it matters

    The escalating conflict in the Middle East is threatening energy markets and global stability. The Houthi attacks on Saudi Arabia have raised concerns about the security of oil supplies, leading to increased prices. The situation is complicated by the involvement of Iran and the ongoing tensions between the US and Iran.

    What is confirmed

    • Brent crude oil prices have risen above $100 per barrel following the Houthi attacks on Saudi Arabia.
    • The Houthi rebels have claimed responsibility for attacks on Saudi Arabian airports, including the Riyadh airport.
    • Saudi Arabia has responded to the attacks with airstrikes on Houthi targets in Yemen.
    • The conflict in the Middle East has raised concerns about the security of oil supplies and global stability.
    • Three people were killed in attacks on Saudi airports, according to the country's civil aviation authorities.

    Still unconfirmed

    • The Houthi rebels have threatened to attack more Saudi airports and disrupt civilian life.

    What to watch next

    • Further Houthi attacks on Saudi Arabian infrastructure
    • Saudi Arabian response to the Houthi attacks
    • Developments in the US-Iran relationship and its impact on the conflict
    Sources used for this update (21)
    1. www.timesnownews.com β€” US-Iran War Live Updates: Hormuz Crisis Escalates: Iran Refuses to Reopen Strait, Sets 7 Conditions for US
    2. www.cbsnews.com β€” Live Updates: Vance seems to soften Iran nuclear demands, Rubio says Tehran has "lost control" of Strait of Hormuz
    3. www.deccanherald.com β€” Saudi Arabia: Houthis claim Riyadh airport strike as military offensive begins
    4. www.straitstimes.com β€” Yemen’s Houthis claim striking Riyadh airport, other Saudi sites
    5. www.rferl.org β€” Testing Times For Mecca Alliance Partners As Iran-Aligned Houthis Mount Attacks
    6. www.clickondetroit.com β€” Yemen's Iran-backed Houthis claim new attacks on Saudi Arabia as it's pulled deeper into conflict - WDIV ....
    7. www.ibtimes.com.au β€” Oil Prices Today: Brent Climbs Back Above $100 as Houthi Attacks on Saudi Arabia Revive Supply Fears
    8. finance.yahoo.com β€” Oil prices rise above $100 on Gulf storm, Houthi attacks
    9. gulfnews.com β€” Middle East Conflict Deepens: Saudi Hits Houthis, Iran-Oman Deal on Hormuz, Brent at $100
    10. oilprice.com β€” Brent Back Above $100 as Houthis Hit Saudi Infrastructure | OilPrice.com
    11. www.cnbc.com β€” Oil rises as concerns over attacks on Saudi Arabia eclipse supply recovery
    12. gulfnews.com β€” Saudi Coalition Intercepts Houthi Missiles Amid Oil Price Surge Over Iran Tensions - Gulf News
    confidence 85%
  7. Oil prices rise as Houthis strike Riyadh refinery and Saudi Arabia hits Sanaa

    Global oil prices are climbing following a Houthi attack on an oil refinery near Riyadh and the continued shutdown of Saudi Arabia's East-West pipeline. The Iran-backed rebels claimed the strike on the facility, where witnesses reported flames and smoke, as retaliation for Saudi air raids. In response, Saudi Arabia launched dozens of strikes on the Yemeni capital, Sanaa. These escalations occur as U.S. President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, deepening regional instability and threatening energy markets.

    Why it matters

    The conflict involves Iran-backed Houthi forces and the Saudi-led coalition in Yemen. Strategic control of Red Sea shipping routes and oil infrastructure is central to the struggle, with France providing protection for the Yanbu oil port.

    What is confirmed

    • Houthis launched an attack on an oil refinery near the Saudi capital of Riyadh.
    • Saudi Arabia launched 26 strikes on the Yemeni capital, Sanaa.
    • The Saudi East-West pipeline is out of service for repairs for several weeks.
    • President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz.
    • Iran-backed Houthi rebels captured the islands of Greater and Lesser Hanish.
    • Saudi Arabia provided 224 million riyals in budget support to Yemen's internationally recognized government.

    Still unconfirmed

    • Houthis targeted a desalination plant in Al-Shaqeeq.
    • President Trump hinted at resuming strikes on Iran before the midterm elections.

    What to watch next

    • U.S. decision on whether to back Saudi Arabian strikes in Yemen
    • Confirmation of the repair timeline for the East-West pipeline
    • Further diplomatic moves regarding the Strait of Hormuz
    Sources used for this update (31)
    1. spectrumlocalnews.com β€” Saudi oil pipeline hit in strikes will be mostly out of service for several weeks for repair
    2. www.theguardian.com β€” Saudi Arabia intercepts wave of Houthi missiles as oil climbs to one-week high
    3. www.arabnews.com β€” The French connection: Why Paris is helping protect Yanbu oil port
    4. www.indiatoday.in β€” Houthis U-turn on US, threaten American interests in Middle East if Trump backs Saudi Arabia Yemen strike....
    5. www.jpost.com β€” Saudi Arabia’s security needs expose limits of diplomacy, give Israel an opportunity - analysis
    6. www.bbc.com β€” Who are the Houthis in Yemen and what do they want?
    7. www.thenationalnews.com β€” Oil prices waver in face of Iran war truce and Houthi attacks | The National
    8. www.aljazeera.com β€” Yemen government forces widen attacks against Houthis: What we know | Conflict News
    9. www.marketscreener.com β€” Oil prices slide about 2% as US, Iran explore path out of war
    10. www.timesnownews.com β€” Iran-US War LIVE Updates: No Talks, Seven Conditions: Iran Rules Out US Negotiations Over Strait of Hormuz
    11. www.cnn.com β€” Trump is staying out of Saudi Arabia’s war. Americans could pay at the pump
    12. thearabianpost.com β€” Saudi pipeline outage lifts oil prices further β€” Arabian Post
    confidence 95%
  8. US Markets Rise As Oil Prices Drop

    Wall Street indices advanced on Friday, driven by artificial intelligence sentiment in technology stocks, while global oil prices declined roughly 3%. The positive market close contrasts with ongoing geopolitical friction in the Middle East, where the Saudi-backed head of Yemen issued a call for general mobilization against Iran-backed Houthi forces. Meanwhile, Federal Reserve officials warned about systemic risks tied to the rapid expansion of data-centre and artificial intelligence ecosystems.

    Why it matters

    The recent market activity follows earlier energy supply concerns triggered by Houthi strikes near Riyadh and strategic maritime disruptions. While previous sessions saw Brent crude climb past one hundred dollars amid reduced flows and halted shipments to European refiners, latest reports show crude pricing easing alongside a dipping dollar.

    What is confirmed

    • The Dow Jones Industrial Average rose 406.68 points, or 0.79%, to 51,756.66.
    • The S&P 500 gained 33.57 points, or 0.44%, to 7,737.70.
    • The Nasdaq Composite gained 135.41 points, or 0.50%, to 27,074.78.
    • Kansas City Fed President Jeff Schmid warned that the expanding artificial intelligence and data-centre ecosystem could pose systemic risks.
    • The Saudi-backed head of Yemen urged citizens to join government forces amid military escalation with the Houthis.

    Still unconfirmed

    • Oil prices dropped about 3% as the US dollar dipped.

    What to watch next

    • Shifts in crude oil pricing and energy export routes following regional military escalations
    • Broader economic impacts and regulatory responses to artificial intelligence infrastructure expansion
    • Mobilization efforts by the Saudi-backed Yemeni government against Houthi forces
    Sources used for this update (3)
    1. economictimes.indiatimes.com β€” Dow Jones| Nasdaq | US Stock Market Today | Live: Dow Jones surges 400 points despite higher Treasury yields
    2. www.econotimes.com β€” America’s Roundup: Dollar dips as oil eases,Wall Street ends higher , Oil prices drop about 3%
    3. en.tempo.co β€” Yemeni Leader Calls for General Mobilization Against Houthis
    confidence 90%
  9. Oil Prices Climb Amid Houthi Attacks and US-Iran Conflict

    Brent crude oil rose 1.9% to $105.06 a barrel as Houthi rebels targeted Riyadh and a major Saudi export route. While Saudi Arabia projects calm, the kingdom faces a lack of allies as President Donald Trump manages a war with Iran. Gulf equity markets closed higher on Wednesday following the restoration of crude flows from a key Saudi pipeline and hopes for a diplomatic resolution to the US-Iran conflict. These tensions coincide with Houthi seizures of southern Red Sea islands and a Saudi decision to halt crude shipments to European refiners next month.

    Why it matters

    The conflict involves Houthi rebels attempting to disrupt shipping routes and Saudi infrastructure. This instability occurs during an active war between the United States and Iran. Investors are monitoring these geopolitical risks alongside US interest rate expectations.

    What is confirmed

    • Brent crude oil rose 1.9% to $105.06 a barrel.
    • Most Gulf equity markets closed higher on Wednesday.
    • Crude flows from a key Saudi pipeline have been restored.
    • Houthi rebels targeted the Saudi capital and a major export route.

    Still unconfirmed

    • President Donald Trump is embroiled in a war with Iran.
    • Saudi Arabia is finding few allies as it projects calm.

    What to watch next

    • Diplomatic negotiations between the US and Iran
    • Further Houthi activity in the southern Red Sea
    • Updates on crude oil deliveries to European refiners
    Sources used for this update (6)
    1. www.marketscreener.com β€” Mideast stocks-most Gulf bourses rise on oil supply recovery, diplomacy hopes
    2. www.marketscreener.com β€” MIDEAST STOCKS-Gulf bourses edge higher as Saudi pipeline resumes operations
    3. www.nbcnews.com β€” As Houthis ramp up attacks, Saudi Arabia projects calm but finds few allies
    4. malaysia.news.yahoo.com β€” Oil jumps after Saudi thwarts missile attack
    5. www.marketscreener.com β€” Oil Prices Jump on Houthi Attacks, U.S.-Iran Escalation Fears -- Commodities Roundup
    6. www.straitstimes.com β€” S&P 500 ends near flat as investors focus on US-Iran war
    confidence 80%
  10. Oil Prices Climb Following Houthi Attack on Riyadh

    Oil prices are rising after Houthi rebels targeted the Saudi capital, Riyadh. An air attack set a fuel depot ablaze at the airport, though a Saudi-led coalition stated that defenses intercepted a missile fired at the city. This escalation coincides with Houthi rebels seizing additional key islands in the southern Red Sea to tighten control over shipping routes. In a related supply shift, Saudi Arabia has informed European refiners that they will receive no crude oil next month.

    Why it matters

    The conflict between the Saudi-led coalition and Yemen's Houthi rebels threatens global energy stability by targeting infrastructure and shipping lanes. Control of the Bab al-Mandeb strait is a critical strategic point for international trade.

    What is confirmed

    • Oil prices rose following strikes in Saudi Arabia and the Strait of Hormuz.
    • An air attack set a fuel depot on fire at the airport in the Saudi capital.
    • Houthi rebels have seized more key islands in the southern Red Sea.
    • The Saudi-led coalition reported that defenses intercepted a Houthi missile fired at Riyadh.

    Still unconfirmed

    • Saudi Arabia told European refiners they will receive no crude oil next month.
    • WTI oil prices slipped below $100.

    What to watch next

    • Official Saudi response to the airport fuel depot fire
    • International naval reactions to Houthi island seizures in the Red Sea
    • Confirmation of crude oil supply cuts to European refiners
    Sources used for this update (11)
    1. ABC News - Breaking News, Latest News and Videos β€” Iran live updates: Oil prices rise after strikes in Saudi Arabia, Strait of Hormuz
    2. AP News β€” Yemen's Houthi rebels seize more key islands in southern Red Sea, tighten grip on shipping routes
    3. Al Jazeera β€” β€˜They called us’: Has Trump abandoned Bab al-Mandeb to the Houthis?
    4. WSJ β€” Oil Prices Fall for Third Day as WTI Slips Below $100
    5. Bloomberg.com β€” Saudis Tell European Refiners They’ll Get No Crude Next Month
    6. The New York Times β€” Reported Explosions Put Saudi Capital on Edge Amid Conflict With Houthis
    7. WSJ β€” Air Attack Sets Fuel Depot Ablaze at Airport in Saudi Capital
    8. CNBC β€” Flames reported near Saudi capital airport as Pakistan presses Iran over energy supplies
    9. Al Jazeera β€” Saudi-led coalition says defences intercept Houthi missile fired at Riyadh
    10. NPR β€” Saudi Arabia says Houthis tried to attack its capital
    11. Reuters β€” Oil rises after Houthi attack on Saudi capital
    confidence 90%
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