Houthis Strike Saudi Oil Infrastructure, Sending Crude Prices Soaring

A Saudi oil infrastructure attack by Iran's Houthi allies in Yemen has caused significant damage and sent oil prices soaring. The attack, which occurred late Monday or early Tuesday, targeted facilities in Abha, Khamis Mushait, Najran, and Jazan, injuring 73 civilians, including women and children.

The Saudi Ministry of Foreign Affairs condemned the attacks, saying that some facilities had been temporarily halted for damage assessment. Brent crude quickly climbed from an open of $97 to over $99 per barrel on Tuesday morning.

This is not the first time the Houthis have targeted Saudi oil infrastructure, as they struck Jazan, a 400,000-barrel-per-day refining complex, in late July, halting production for over a month. The Houthis released a statement saying that the Saudis had conducted over 120 air strikes in the three days before their retaliatory attack.