Oil Rises After Houthi Attack on Saudi Capital
Brent crude rose 0.78% to $104.68 a barrel as the attacks heightened Middle East tensions, Reuters reported.
- On Saturday, Egypt condemned missile and drone strikes on Riyadh, Saudi Arabia, describing the attacks as a serious violation of the Kingdom's security, stability, and international law.
- Cairo emphasized that Egypt and Saudi Arabia's security is deeply interconnected, with the Kingdom's stability considered an essential component of broader regional security and stability.
- Oil prices rose on Monday following the weekend strikes; Brent crude futures climbed 81 cents to US$104.68 a barrel while West Texas Intermediate crude increased 76 cents to US$101.06 a barrel.
- Yemen's Iran-backed Houthis launched the strikes, escalating tensions in the Middle East while Iran remained in stalemate with regional powers and the United States.
- Concerns over further escalation persist as attacks targeting Saudi Arabia have increased in recent weeks, with Egypt warning that continued strikes could fuel regional instability.
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The US is watching the Mideast Conflict closely - Regional Media News
(SRN NEWS) - The conflict between Saudi Arabia and Iran-backed Houthi forces has sharply escalated after a missile attack targeted Riyadh and Saudi oil infrastructure. Although Saudi Arabia said the missile was intercepted, explosions and a fire were reported near Riyadh's airport, while the Houthis [...]
Oil rises after Houthi attack on Saudi capital
SINGAPORE, Sept 21 (Reuters) - Oil prices rose on Monday after Yemen's Iran-backed Houthis launched missile and drone strikes at Saudi Arabia's capital Riyadh on Saturday, escalating tension in the Middle East while the US and Iran remained ...
U.S. warns of Middle East escalation after as Houthi attack on Saudi Arabia
The United States warned that fighting between Saudi Arabia and the Iran-backed Houthis could "escalate rapidly" after a missile attack targeted Riyadh for the first time since the Yemen conflict resumed.
The arms gang with the Huthi rebels reaches the Saudi capital Riyadh. The kingdom needs help – but it comes only hesitantly.
Yemen's Houthis rebels launched attacks on Saudi Arabia, which targeted the capital, Riade.
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