Saudi Air Defenses Intercept Missiles Targeting Oil Refineries Amid Escalating Regional Tensions

Saudi Arabian air defense systems successfully intercepted two ballistic missiles launched from Yemen, which were aimed at oil refineries in Yanbu. This incident occurred a day after U.S. forces conducted new air strikes on Iran. The ongoing conflict has led to a significant increase in Brent North Sea oil prices, reaching $100 a barrel this week for the first time since May. The Houthi rebels in Yemen have declared a naval blockade of Saudi Arabia, further escalating tensions and threatening global oil supplies, as Saudi Arabia has been rerouting millions of barrels of oil daily via pipeline to the Red Sea to bypass Iran's blockade of the Strait of Hormuz.