12 Oct 2026

23:58

  • Bitumen 60/70

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Home Blog Oil Prices Jump as Houthi Attacks Raise Saudi Supply Risks

Oil Prices Jump as Houthi Attacks Raise Saudi Supply Risks

codarx

codarx

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Update date: 2026/08/07

The Yemeni Houthis have struck Saudi Arabia’s southern province of Najran in the latest flare-up of Middle Eastern hostilities, killing 11 civilians, Reuters has reported, citing a spokesman for the military coalition led by Saudi Arabia that fights the Houthis in Yemen. The news comes on the heels of reports that Iran is considering a ban on U.S., Israeli, and other “hostile” vessels in the Strait of Hormuz and fining ships that violate the ban with a sum equal to 20% of the cargo’s value. From other vessels, Iran plans…

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