Commodities
Saudi-Yemen Conflict Escalates, Oil Supplies at Risk
The ongoing conflict between Saudi Arabia and the Iran-backed Houthis in Yemen has escalated, posing significant threats to global oil supplies.
Hundreds of thousands of Yemenis have been forced to flee their homes, with many seeking refuge across the Red Sea.
A drone attack on Saudi Arabia has killed a Yemeni national, marking the first reported fatality amidst the ongoing barrage of Houthi attacks that have injured scores.
The global crude prices remain elevated, exacerbating economic strains worldwide.