Skip to content
Back to Guavy Wire
Commodities

Middle East Conflict Escalates as Yemen's Houthis Launch Missile Attack

Instruments
Oil
Share

The conflict in the Middle East has escalated as Yemen's Houthi rebels claimed responsibility for a missile attack on the Saudi Arabian city of Jazan, causing fires at the Aramco oil refinery. This marks a widening of the conflict, which began after Riyadh struck military targets belonging to the Houthis.

The Houthi rebels accused Saudi Arabia of 'dangerous escalation' and had earlier announced a maritime blockade of top oil producer Saudi Arabia, hitting its ships in the Red Sea. The Iran-backed group claimed attacks on two Saudi ships earlier this week, with Saudi Arabia confirming one of the attacks.

Greek security sources told Reuters that air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen targeting oil refineries in Yanbu. US President Donald Trump said talks with Iran are continuing, describing them as 'the most serious we've seen them'. However, he also warned that Iran has a choice between making a deal or facing a higher level of strikes.

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