Yemen's Houthis Say They Hit Saudi Ras Tanura Oil Refinery with Missile

Oil prices rise as Houthi attacks on Saudi Arabia stoke supply fears; Brent nears $116

Crude oil prices are increasing as Brent crude surpasses $115 per barrel amid escalating tensions. Attacks by Yemen’s Houthi group on Saudi oil sites raise fears of supply disruptions. Efforts for diplomatic negotiations between Washington and Tehran remain unyielding, contributing to market uncertainty. Meanwhile, Iranian reports of maritime incidents further heighten security concerns in the Gulf region.

Yemen's Houthis say they attacked Saudi Ras Tanura refinery, no Saudi confirmation

Yemen's Houthis claimed attacks on three Saudi oil facilities and two international airports. Saudi authorities have not confirmed the reported strikes.

Houthis Claim Saudi Refinery Hit; Riyadh Confirms Intercepts

Houthis say missiles hit a Saudi refinery and the Riyadh defense ministry. Saudi authorities confirm interceptions only; no hit or casualties confirmed.

Video. Expert calls for ‘refinery revolution’ to avoid disruptions during war

Video. Energy expert and analyst Osama Rizvi believes high fuel prices have become a “structural feature” of the market, warning that it could take months for supplies to recover and prices to fall.

Saudi Refinery Claim Lifts Oil Near US$115

Brent futures traded near US$115 after Yemen's Houthis claimed a missile hit on Saudi Arabia's Ras Tanura refinery; Aramco has not confirmed any damage.

Saudi Oil Refinery Targeted As Crude Tops $115; Russian Satellites Linked To 40 Iran-Backed Attacks

Global oil prices surged Wednesday after Iran-backed Houthi rebels claimed responsibility for a missile strike against Saudi Arabia's largest oil refinery, as a separate investigation revealed evidence that Russian reconnaissance satellites may have helped Iranian-backed militias target dozens of strategic facilities across the kingdom.