Middle East Tensions Rise Amid Houthi and Saudi Attacks, Threatening Oil Markets

Conflict between Saudi Arabia and Iran-backed Houthi rebels has escalated significantly. Houthi missile and drone attacks targeted Saudi oil facilities, including an Aramco building, and Riyadh's international airport. The Saudi-led coalition retaliated with strikes on Houthi-held oil sites in Yemen. This escalation intensifies concerns over Middle East supply disruptions and contributes to elevated global oil prices, with Iran reportedly deploying new tactics in the Strait of Hormuz to influence markets.