Commodities
Hormuz Attacks Send Oil Markets Reeling Amid Escalating Conflict
New attacks in the Strait of Hormuz and Saudi Arabia have heightened concerns about oil disruption and price increases. The recent surge in violence follows a series of escalating conflicts, with President Donald Trump stating that the war with Iran will soon come to an end.
On September 13, 2026, projectiles launched by Yemen's Houthi group struck targets in Al-Tuwal, Jazan, Saudi Arabia, according to the Saudi Civil Defense. The attack resulted in damage to infrastructure and underscored the ongoing tensions in the region.