Skip to content
Back to Guavy Wire
Commodities

Houthis Launch Wave of Attacks on Saudi Arabia

Instruments
Oil
Share

The Houthi rebel group in Yemen launched a wave of attacks on Saudi Arabia on Tuesday, wounding over 70 people and igniting fires at oil facilities and utilities in the kingdom. The attack was a major escalation in renewed fighting between an important U.S. ally and the Iranian proxy group.

Major General Turki al-Malki, spokesperson for the Saudi-led coalition, said the attacks hit 'civilian and economic facilities' in several cities, including Abha, Jazan, Najran, and Khamis Mushait. He vowed retaliation and called the attacks a 'serious escalation.'

The Iranian-backed Houthis targeted major oil facilities, including a 400,000-barrel-per-day oil refinery in Jazan, which is one of Saudi Arabia's largest. Firefighters were battling the fires on Tuesday morning.

Saudi Arabia's Foreign Minister Prince Faisal bin Farhan accused the Houthis of resorting to violence to serve their interests over those of Yemen, despite the Kingdom offering a chance to negotiate for peace.

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