Saudi Arabia intercepts wave of Houthi missiles as oil climbs to one-week high
The Saudi-led coalition in Yemen said the missiles were aimed at Taif and the Yanbu area on the Red Sea, the main alternative route for Saudi oil
TL;DR
- Saudi Arabia intercepted six ballistic missiles fired by Yemen's Houthi rebels.
- The attacks targeted western Saudi Arabia and the Yanbu area on the Red Sea, impacting oil prices.
- The Houthis also claimed responsibility for attacks on Riyadh and Saudi Aramco facilities in Yanbu.
- The escalating attacks threaten Saudi oil exports through the Red Sea, a critical route.
- Yemen's internationally recognized government is requesting global support to defeat the Houthi militants.
- The Houthis' control over the Bab el-Mandeb waterway is seen as an international economic risk.
- Saudi Arabia, Turkey, and Pakistan will hold urgent talks on supporting efforts to repel Houthi attacks under a joint defense agreement.