Houthi Missile Attacks Target Saudi Oil Tankers Amid Escalating Regional Tensions

Yemen's Iran-backed Houthi rebels claim to have launched missile attacks on two Saudi oil tankers in the Red Sea and Gulf of Aden, sparking concerns about global oil supplies.

The latest incidents follow a pattern of targeted strikes against Saudi vessels since the start of the blockade last month, according to a Houthi military spokesman.

Details are scarce regarding the incident southeast of Aden reported by the UK Maritime Trade Operations (UKMTO), but it is unclear whether it was related to the Houthi's claim.

The West Texas Intermediate (WTI) price dropped 0.20% on the day, trading at $74.22 per barrel, as a result of the escalating tensions in the region.