Yemen's Houthi Rebels Attack Saudi Aramco Facilities, Crude Oil Prices Surge
Summary
Yemen’s Houthi rebels attacked Saudi Aramco facilities and other sites, sending global crude prices higher amid fears of further supply disruptions. Brent crude briefly topped $108 a barrel before easing slightly in Asian trading.
Key Points
- Yemen’s Houthi rebels said they attacked Saudi Aramco structures in Riyadh and Yanbu with missiles and drones.
- Brent crude rose more than 3% and briefly climbed to $108 a barrel on fears of further disruption to fuel supply.
- Saudi-led coalition forces said they intercepted and destroyed six ballistic missiles fired by the Houthis.
- Analysts said oil prices are likely to stay above $100 a barrel while the conflict and supply risks continue.
