Houthi Strikes on Saudi Oil Facilities Push Brent Crude to $100
The conflict in the Middle East escalated on Tuesday as Houthi rebels launched strikes against Saudi oil facilities, injuring 73 civilians and pushing up the price of Brent crude to nearly $100 per barrel.
Saudi Arabia's Ministry of Foreign Affairs condemned the attacks, warning that they would have severe consequences for innocent civilians and civilian facilities.
In a statement, the ministry called on the Houthi militia to immediately halt its escalation efforts and threats to maritime navigation. The attacks come amid rising tensions between Iran and Saudi Arabia, with Secretary of State Marco Rubio stating that 'some of this is clearly the Iranian hand' behind the Houthi strikes.
The Trump administration has been tracking developments closely, with Rubio warning that the situation could escalate further if left unchecked.