In a tense day for the region, Iranian-backed Yemeni Houthis attacked energy facilities and cities of the Saudi coalition. These attacks on Tuesday resulted in over ۷۰ injuries and significantly affected the oil market.
Oil Price Increase; Consequences of Houthi Attacks
In light of these developments, oil prices surged significantly. These attacks, which appear to be part of the Houthis' strategy to weaken the economic power of their rivals, have raised new concerns among market participants. It remains to be seen how Saudi Arabia and its allies will respond to these attacks and whether these tensions will lead to increased unrest in the region.
