Houthi Strikes on Saudi Energy Facilities Send Brent Crude Soaring
Multiple energy facilities in Saudi Arabia were forced to shut down on Tuesday after Yemen's Houthi movement launched a wave of strikes, leaving at least 73 people injured. The attacks targeted critical installation zones in the southern cities of Abha, Khamis Mushait, Jazan, and Najran.
Fires broke out at key infrastructure sites, including Saudi Aramco's facilities in Jazan. Engineers are assessing the extent of physical damage to refining and storage units.
The Saudi-led military coalition in Yemen labelled the assault a direct threat to regional stability and global energy security. The alliance pledged an immediate, heavy-handed military response to deter further strikes on key economic infrastructure.
With operations temporarily suspended at crucial energy hubs, market analysts are closely watching the potential fallout on global crude prices and supply routes originating from the Gulf region. Brent Crude Oil Futures Contract in London reached $99 dollars a barrel immediately after the attack, up by 1.5% in Tuesday's trading.
The coalition spokesperson, Colonel Turki al-Malki, stated that 'The coalition will take all necessary operational measures to deter this terrorist militia and resolutely confronts its hostile approach.'