Saudi Crown Prince meets CENTCOM chief as Houthi strikes escalate regional security threats

Saudi Arabia's East-West oil pipeline was temporarily shut following a drone attack, according to Saudi officials. The shutdown of the pipeline threatens up to 4% of global oil supply. With the pipeline out of service, the port of Yanbu on the Red Sea has enough inventory to cover just five to seven days of exports, according to industry sources.

Oil prices rose about three per cent on Monday, after new strikes on Saudi Arabian energy and civilian infrastructure and Iranian attacks on ships in the Gulf compounded supply concerns. Brent crude futures climbed to $107.54 per barrel and WTI futures gained to $102.93 per barrel. Saudi Arabian state media released video footage of damage to homes and a mosque from what it said was a Houthi attack on the country's southern Jazan province.

The Houthis, who are Iran-aligned, said they had also struck a Saudi military base in a neighbouring province. A vessel in the Strait of Hormuz was struck by a projectile, causing a fire and forcing the crew to be evacuated, according to the British maritime security agency UKMTO. Iran said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast.

Brief written by urgent.news from Jerusalem Post, Dawn Business, Dawn, 3News — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.