Saudi Oil Facilities Attacked, Oil Prices Soar Amid Escalating Middle East Conflict

The Middle East conflict has escalated, pushing oil prices to nearly $100 per barrel. The Ministry of Foreign Affairs in Saudi Arabia confirmed that Houthi strikes targeting energy infrastructure resulted in 73 civilian injuries, including women and children.

The Kingdom warns against the consequences of the terrorist Houthi militia's continued targeting of innocent civilians and civilian facilities, and stresses the need for an immediate halt to all forms of escalation carried out by the militia, as well as its continued threats to the security of maritime navigation.

Saudi oil facilities have been damaged, and there are renewed threats of Houthi attacks in the Red Sea. Brent crude traded close to $100 per barrel Tuesday following news of damage to Saudi oil facilities and renewed threats of Houthi attacks in the Red Sea.

The Iranian regime has threatened to extend its grip beyond the narrow waterway of the Strait of Hormuz. The operational posture toward U.S. warships and bases has been fundamentally recalibrated, according to Iranian Supreme National Security Council Director Mohsen Rezaei.