
Houthi Missile Attempt on Riyadh Raises Fresh Risks for Saudi Oil Flows
Saudi Arabia said it intercepted a Houthi missile targeting Riyadh as attacks and pipeline outages heighten risks around oil flows through Yanbu.

Saudi Arabia said it intercepted a Houthi missile targeting Riyadh as attacks and pipeline outages heighten risks around oil flows through Yanbu.

The US military launched new strikes on Iranian targets near the Strait of Hormuz to disrupt attacks on commercial shipping, escalating regional tensions and raising global energy market risks.

US forces struck Iran for the third time this week after attacks on commercial vessels, leading to the closure of the crucial Strait of Hormuz and escalating regional tensions.

The US and Iran agreed on a communication channel to prevent incidents in the Strait of Hormuz, finalizing a 60-day roadmap for broader diplomatic agreements amid ongoing technical talks.

The US may impose fees for Strait of Hormuz passage if the Iran deal fails, following a temporary ceasefire and lifted blockade, signaling potential shifts in global oil trade flows.