Commodities
Houthi Attacks on Saudi Oil Facilities Spark Escalation in Yemen Conflict
A wave of Houthi attacks on Saudi Arabia has caused significant damage and disruption to the kingdom's oil facilities and utilities, leaving over 70 people wounded. The attacks, which took place on September 8, mark a major escalation in the conflict between Saudi Arabia and the Iranian-backed Houthi rebels in Yemen.
The clashes have shattered a four-year truce in Yemen's civil war and have added to the region's instability, which has been plagued by nearly three years of wars. The fighting also threatens to disrupt shipping through the Bab al-Mandeb strait, a critical route for oil and global trade.