Skip to content
Back to Guavy Wire
Commodities

Saudi Arabia's Two-Front War with Iran-Backed Houthis

Instruments
Oil
Share

Saudi Arabia is facing a mounting crisis as it struggles to defend itself against attacks from Iran-aligned Houthi militias in Yemen. The kingdom's oil company, Saudi Aramco, had been raking in profits thanks to its East-West Pipeline, which allowed crude exports to bypass the Strait of Hormuz.

However, this pipeline is now disabled due to a drone attack from Iraq-based Iran-aligned militias. Houthi missiles and drones have also been hitting Saudi Arabian cities, with one even shot down over Mecca, the holiest city in Islam.

The Houthis have denied targeting Mecca, but the incident has heightened tensions for Saudi Arabia. The kingdom is now fighting a two-front war: its allies in Yemen are trying to beat back a Houthi offensive, while Saudi security forces are fending off missile and drone attacks at home.

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