Oil Prices Jump After Houthis Claim Attacks on Saudi Facilities
Brent crude tops $106 a barrel after the Iran-aligned rebel group says it struck Aramco facilities.
Oil prices rose sharply after Yemen's Houthi movement claimed attacks on Saudi Arabian oil facilities, with Brent crude topping $106 a barrel, according to Al Jazeera.
The Iran-aligned rebel group said it had successfully attacked facilities belonging to Saudi Aramco, the report said, though the claim had not been independently verified in the material available.
Market Reaction
The jump in Brent crude reflects renewed concern among traders about the security of oil infrastructure in the Gulf region, where the Houthis have periodically targeted Saudi energy assets amid the broader Yemen conflict.
Al Jazeera's report did not specify the extent of any damage to Aramco facilities or whether Saudi authorities had confirmed the attack. Houthi attacks on regional energy infrastructure have previously triggered volatility in global oil markets, given Saudi Arabia's role as one of the world's largest crude exporters.
Sources
- Oil prices jump after Yemen’s Houthis claim attacks on Saudi facilities — Al Jazeera — All
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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