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Newsweek

Houthi strikes on Saudi energy sites lift Brent to $97.40, complicating Trump’s push to cut oil prices

AI Market Summary
Renewed Houthi strikes on Saudi civilian and energy infrastructure, with reported fires and temporary operational suspensions, intensify near-term supply disruption risk across key regional export routes (Hormuz and Bab el-Mandeb). The escalation challenges expectations that military pressure reduces energy-market stress and reinforces the geopolitical risk premium. Brent rose 1.2% to $97.40, signaling heightened sensitivity to further attacks and shipping insecurity.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-1.93%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▲ Bullish
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Houthi forces attacked civilian and economic facilities in southern Saudi Arabia, wounding 73 people. Saudi Arabia’s Energy Ministry said fires broke out at several oil facilities and utilities, temporarily suspending operations. The incident fueled supply concerns, pushing Brent crude up 1.2% to $97.40.
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