Skip to content
Back to Guavy Wire
Commodities

Houthis Strike Saudi Oil Facilities Amid Escalating Conflict

Instruments
Oil
Share

The conflict in the Middle East escalated as Iran-backed Houthis launched strikes on Saudi oil facilities in Jizan and Yanbu. The group fired 'dozens of ballistic and cruise missiles and drones' which successfully hit their targets, according to spokesperson Yahya Saree.

The Houthis also confirmed that the military blockade of the Bab el-Mandeb Strait remains in effect. They struck two Saudi-flagged commercial tankers in the Red Sea earlier this week, but had not struck any ships since then, bringing some calm to the region.

Ukrainian President Volodymyr Zelenskyy announced that his country had struck a ship carrying arms for Iran. The contents of the shipment were unclear, but Russia is a close ally of Iran and vice versa. Iran had provided many Shahed attack drones to Russia in the first couple years of the war.

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