Houthi Advances and Attacks on Saudi Arabia Spark Global Energy Concerns

New attacks on Saudi Arabia and ships in the Gulf have heightened tensions in the Middle East, as Yemen's Houthis continue to advance.

Oil traders are bracing for price increases when markets reopen on Monday, following weekend developments that threaten global energy supplies from the world's largest exporter, Saudi Arabia.

The British maritime security agency UKMTO reported a vessel struck by a projectile in the Strait of Hormuz, causing a fire and evacuating the crew. Iran said one person was killed and four wounded aboard an Iranian commercial vessel hit off its coast.

In Saudi Arabia, state media released footage showing damage to homes and a mosque from a purported Houthi attack in Jazan province.