Saudi Arabia intercepts missiles as oil prices rise
after close1 source ↓written by the desknot a recommendation
Saudi Arabia intercepted six ballistic missiles fired by Yemen's Houthi rebels, raising concerns over oil supply disruptions. Oil prices surged about 3% amid fears of escalating tensions, although volatility persisted as reports emerged of US-Iran discussions on reopening the Strait of Hormuz. The situation threatens Saudi oil exports through the Red Sea.
Not investment advice. For informational purposes only.