Oil Prices Near $100 After Fresh Attacks on Saudi Energy Sites
Saudi Arabia has temporarily halted some operations at energy facilities in its southern region bordering Yemen, following attacks on energy sites on Tuesday morning local time, the official Saudi Press Agency reported. “Several energy sector facilities and installations in the southern region of the Kingdom were targeted this morning,” the agency said, quoting an official source at the Ministry…
Oil prices have surged near $100 per barrel following fresh attacks on Saudi energy sites, according to a report from the Saudi Press Agency. The official agency cited an unnamed source at the Ministry of Energy, stating that several energy facilities in the southern region of Saudi Arabia were targeted this morning, resulting in fires and temporary halts in operations.
While the exact number of injured residents and the specific sites affected were not disclosed, the Saudi news agency emphasized that authorities are addressing the aftermath and working to ensure facility and personnel safety. This latest attack comes amid the broader U.S.-Iran war, with Iran's Houthis threatening Saudi shipping in the Red Sea and Bab el-Mandeb Strait.
The Houthis have also repeatedly targeted Saudi Aramco's Jazan oil refinery on the Red Sea coast since July, most recently on Monday. As the conflict persists, oil prices have continued to climb, with Brent Crude nearing $99 per barrel and WTI Crude topping $94 a barrel in Asian trade on Tuesday.
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