Saudi Arabia said it intercepted a Houthi missile targeting Riyadh as attacks and pipeline outages heighten risks around oil flows through Yanbu.
Saudi Arabia’s East-West pipeline shutdown could threaten 4% of global oil supply as traders await repair timelines and export updates.
US military deaths in the Iran conflict have reached 17 after a soldier was killed during the detonation of Iranian explosives in Iraq, with US forces escalating military deployments amid rising tensions.
The US is negotiating to restore an Iraq-Syria oil pipeline bypassing the Strait of Hormuz, aiming to reduce Iran's regional energy influence amid heightened Middle East tensions.
Iran held a closed funeral for Ayatollah Ali Khamenei amid rising regional tensions, with implications for energy markets and geopolitical risk assessments.
Germany's Economy Minister Katherina Reiche emphasized that future EU-Turkey gas contracts must exclude Russian supplies amid efforts to reduce reliance on Russian energy sources.