Oil prices today: Brent crude hits $106.60 after Saudi Aramco attack, ship strikes near Hormuz

Saudi Arabia and Yemen's Houthi rebels engaged in fresh strikes on energy infrastructure, with both sides trading blows. The Iran-backed group targeted Saudi Arabia's capital, Riyadh, and allegedly struck the headquarters of state oil giant Aramco in the Eastern Province city of Dhahran. The attack caused a minor fire, though it's uncertain if it was a direct hit or caused by falling debris.

No injuries were reported. Saudi authorities reported intercepting and destroying three cruise missiles and two drones targeting Riyadh and southern Saudi Arabia. At least four individuals were injured from falling debris. This marked the latest escalation between the two sides, following a week of Houthi missile and drone attacks that crippled Riyadh's main international airport.

The strikes also occurred hours after Saudi forces targeted a key fuel depot, which the Houthis claimed was used to support attacks on Saudi airports and energy facilities. The Houthis denied this, stating the facility had no petroleum products. Two civilians were killed and two were injured in the strikes. The Saudi-led coalition claimed the operation aimed to neutralize Houthi capabilities threatening the kingdom, Yemen, the Red Sea, and maritime channels.

On Tuesday, the coalition reported intercepting ballistic missiles and drones, as well as artillery fire in Yemeni provinces. The conflict has intensified since July, with the Houthis threatening to target Saudi shipping in the Red Sea and internal infrastructure after Saudi retaliation for a blockade on the Yemeni capital. The US, UK, Spain and Canada now advise against using Riyadh's main airport due to the escalating violence.