Houthi Forces Hit Saudi Oil Pipeline, Global Markets React

Satellite imagery and fire-detection readings suggest that Houthi forces have hit Saudi Arabia's East-West oil pipeline, a vital route that bypasses the Strait of Hormuz. The claim comes amidst a wave of Houthi missile and drone attacks on Saudi Arabia, which left at least 73 people injured and set oil facilities ablaze across the kingdom's south.

A Financial Times report flags fresh strikes on Aramco's Jazan site, but Reuters has not been able to confirm this independently. The market is pricing in real disruption, with Brent crude pushing up toward $108 a barrel and WTI near $103.