Brent crude rose above $106 a barrel on Thursday after Yemen’s Iran‑aligned Houthi rebels said they had successfully attacked facilities belonging to Saudi Arabia’s state oil company, Aramco.
The Houthi movement, which has been fighting a civil war in Yemen since 2014, claimed responsibility for the strike, saying it targeted key infrastructure that processes and transports Saudi crude.
The announcement triggered a sharp uptick in global oil prices, with the benchmark Brent contract climbing past the $106 per barrel mark, reflecting traders’ concerns over potential disruptions to Saudi oil output.
Houthis have previously launched drone and missile attacks on Saudi oil sites, including the kingdom’s main export terminals, as part of a broader campaign against Saudi involvement in the Yemeni conflict.
Market analysts noted that while the immediate price reaction was pronounced, the longer‑term impact on supply will depend on the extent of any damage to Aramco’s facilities and the group’s ability to carry out further attacks.
<small>Source: Al Jazeera — read the original story there.</small>
