Saudi Arabia Intercepts Houthi Missiles Amid Oil Rise

Saudi Arabia intercepted six ballistic missiles fired by Yemen’s Iran-backed Houthis, targeting areas in western Saudi Arabia and near the Red Sea. The attacks caused oil prices to rise to a one-week high amid fears of supply disruptions, with ongoing conflict and threats to maritime routes affecting regional stability and global oil markets. The Houthis have also declared a naval blockade on Saudi Arabia, escalating tensions in the region.

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