Yemen’s Houthi rebels have launched missile and drone salvos against Saudi Arabia’s oil facilities, marking a significant escalation in regional hostilities.
The attacks, claimed by the Iran-backed group on Saturday, target critical energy infrastructure and signal a dangerous expansion of their campaign beyond the Red Sea shipping lanes.
Greek air defense systems intercepted missiles near the port of Yanbu, underscoring the direct threat to Gulf energy hubs.
The strikes intensify fears of broader supply disruptions in the world’s most vital oil-producing region.
With the Houthis having previously declared a naval blockade against Saudi Arabia and struck oil tankers in the Red Sea, this new front threatens to compound existing logistical bottlenecks.
Energy markets are likely to react to the heightened risk premium, as investors assess the potential for sustained damage to production or export capabilities.