Oil climbs after Yemeni Houthis attack Saudi Aramco sites

Oil prices rose after Yemen's Iran-backed Houthis launched ballistic missiles and drones at Saudi Aramco sites in Riyadh and the Khurais area. According to the New Straits Times, Brent crude futures climbed $0.81, or 0.79%, to $103.06 a barrel, while US West Texas Intermediate crude was at $91.57 a barrel, up $0.46, or 0.50%.

The Houthis claimed the attacks caused major fires, as reported by Business Recorder. The same source also reported that Yemeni President Rashad al-Alimi announced the start of a major military operation against the Houthis to retake territory under their control.

Yemen's government, as stated by CNBC World and CNBC, is launching a major military campaign to recapture all areas controlled by the Iran-backed Houthis.

Brief written by urgent.news from New Straits Times, Business Recorder, CNBC World, CNBC — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.