Oil prices fall after Saudi Arabia offers more crude via Oman

Oil prices have fallen after Saudi Arabia offered additional crude cargoes via Oman. According to Middle East Eye, Brent crude futures fell $2.92, or 2.7 percent, to settle at $105.83 a barrel, while US West Texas Intermediate dropped $3.40, or 3.2 percent, to $102.43.

The region has seen increased tensions, with drone attacks damaging Saudi Arabia's oil pipeline to the Red Sea, as reported by Middle East Eye. Vessel passage through the Strait of Hormuz remained constrained due to intensified attacks in the region.

Saudi Arabia has also faced threats, with the US Embassy in Riyadh warning Americans to reconsider traveling to the country amid the threat of Iranian drone and missile strikes, as reported by The Hill. There have been reports of drone attacks launched by Yemen's Houthi militia, which Saudi Arabia accused of targeting the holy city of Mecca, a claim denied by the Houthis, according to France 24.

Brief written by urgent.news from Middle East Eye, Qatar Tribune, The Hill, Saudi Gazette, France 24 — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.