Skip to content
Back to Guavy Wire
Commodities

Houthis Escalate Conflict with Saudi Arabia as US Pauses Strikes

Instruments
Oil
Share

The conflict between Iran and Saudi Arabia has escalated as Houthi forces attacked Aramco oil installations in Jizan and Yanbu, along the Red Sea coast. The attacks came despite a pause in US strikes on Iran, which was announced by U.S. Ambassador to the United Nations Mike Waltz.

The US naval blockade against Iran remains in full effect, according to the U.S. military. In Jizan, a large column of smoke rose from the direction of the Aramco refinery near the Yemeni border, which can process up to 400,000 barrels of crude oil daily. Two missiles aimed at oil installations were intercepted in Yanbu, described as Saudi Arabia's main Red Sea oil port and a key route for Saudi oil skirting the Strait of Hormuz.

The Houthi leader Abdul Malik al-Houthi has declared that all Saudi oil facilities could be targets, amid the escalating conflict. The Houthis also claimed they shot down a Turkish-made armed reconnaissance drone over northwest Yemen, according to military spokesman Yahya Saree.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. 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.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc