Brent Oil Prices Rise Above $109 Amid Houthi Attacks on Saudi Facilities
Global oil prices climbed above $109 per barrel as Iran-backed Houthi militants claimed attacks on multiple Saudi and Russian facilities. The claims, which include strikes at airports in Riyadh and Abha, along with Saudi Aramco sites, contributed to increased market volatility. Brent crude futures reached a high of $110.70 before closing slightly lower due to concerns about potential increases in Russian oil supply following U.S. sanctions relief. In Russia, an oil terminal in St. Petersburg was hit during Ukrainian drone strikes, causing fires and disrupting operations at one of the country's major export hubs. The incident added further uncertainty to global energy markets already strained by ongoing conflicts in both Ukraine and the Middle East.
Topics: Houthi_attacks oil_prices Russia-Ukraine_conflict Saudi_Arabia_security