Commodities
Saudi Arabia Vows Firm Response to Houthi Attacks
Saudi Arabia has vowed to respond firmly to Houthi attacks after a series of strikes by the pro-Iranian rebels using ballistic missiles and drones wounded 13 civilians in the country's south.
The Houthis have been engaged in renewed fighting with Saudi-backed government forces since Yemen's civil war reignited in July, when the group declared a maritime blockade on Riyadh and began targeting its ships in the Red Sea.
The Houthi seizure of Yemen's Red Sea coast and the Bab al-Mandab Strait last week has become vital as the wider US-Iran war chokes the Strait of Hormuz, pushing oil prices above $100 threshold.