Oil rises 1.4% to $94.35 after Houthi attacks on Saudi energy facilities

  • Houthi militants attacked several Saudi Arabia energy facilities with drones and missiles.
  • WTI crude oil futures rose 1.4% to $94.35 per barrel.
  • Saudi Arabia confirmed attacks targeting facilities in Abha, Najran and Jazan.

Oil prices rose in early Asian trading after Iran-backed Houthi militants in Yemen launched drones and missiles at several Saudi Arabia energy facilities. Saudi Arabia confirmed the attacks, which the Houthis said targeted sites in Abha, Najran and Jazan. Front-month WTI crude oil futures gained 1.4% to $94.35 a barrel. ANZ Research analysts said the escalation had weighed on oil flows from the Persian Gulf, intensifying concerns about supply disruptions in the Middle East.

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