Houthi Attacks Spark Surge to Near $100 Oil Prices

Oil prices have surged to near $100 a barrel after Houthi attacks on Saudi energy facilities and sites in southern Saudi Arabia. The attacks damaged energy infrastructure, forcing some facilities to temporarily halt operations. At least 73 people were injured, including women and children.

The market reaction reflects concerns that damage to Saudi energy infrastructure could reduce available supplies if operators cannot quickly restore normal activity. Brent crude climbed toward $100 a barrel, while US West Texas Intermediate crude also posted strong gains as traders assessed the potential impact on Saudi energy output and wider Middle East supplies.