Saudi Oil Facilities Hit by Yemen Rebels, Pushing Oil Prices Toward $100

Oil prices surged closer to $100 per barrel after a series of attacks on Saudi energy facilities by Iran-backed Houthi militants in Yemen.

The attacks, which targeted civilian and economic assets in four separate cities, forced a halt to some operations and sent shockwaves through the global oil market.

Brent crude oil prices have been pushed toward $100/bbl following the incident, with no official word from Saudi Arabia on the extent of the damage or how quickly production will resume.