Saudi Arabia Halts Energy Sites as Houthis Claim New Attacks
Saudi Arabia halted several energy facilities in the south, as the Iran-backed Houthi militants claimed fresh strikes on the kingdom. The Yemen-based Houthis said they targeted Saudi Aramco’s facilities in Abha, Najran and Jazan with ballistic missiles and drones, the group’s military spokesperson said in a statement. The attacks caused fires at several locations, and efforts were ongoing to…
Brent oil prices surged past $100 a barrel following Saudi Arabia's decision to halt some energy operations near its border with Yemen due to attacks, signaling potential supply risks from the region. Novartis shares plummeted up to 10%, marking the worst trading day since 2020, following a failed phase 3 trial for its del-desiran treatment for a rare muscle-wasting disease, labeled by Vontobel as another "major pipeline setback."
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