Skip to content
Back to Guavy Wire
Commodities

Houthi Rebels Launch Attack on Riyadh, Raising Concerns for Global Oil Supplies

Instruments
Oil
Share

Yemen's Houthi rebels claimed to have attacked 'sensitive' sites in Riyadh, Saudi Arabia, with missiles and drones on Saturday. The attack came hours after flames and a large plume of smoke were seen near King Khalid International Airport.

The Houthis said the operation was a response to an attack in the Yemeni capital Sanaa. They also claimed to have targeted an Aramco facility in Yanbu, a key Saudi oil export hub, on the Red Sea coast.

Saudi Arabia's military coalition fighting the Houthis said its air defenses had destroyed a missile fired toward Riyadh early Saturday morning.

The escalation between the Houthis and Saudi Arabia has raised concerns for global oil supplies and created new threats to shipping in the Red Sea. Turkish Foreign Minister Hakan Fidan suggested that Saudi Arabia may need military support from Turkey under their trilateral defense pact, which also includes Pakistan.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc