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Oil prices climb amid Saudi attacks
Oil prices rose today following the attacks claimed by the Houthis in Yemen on airports and energy facilities in Saudi Arabia over the weekend, despite hopes for negotiations between Ukraine and Russia to halt targeting energy installations. The price of a barrel of Brent crude reached $106.08, an increase of 1.30%, while West Texas Intermediate also climbed to $93.05, up by 1.31%. The attacks on airports in Riyadh, Dammam, and the Aramco site were unprecedented since the start of the Yemen war in 2014, coinciding with attacks on ships in the Strait of Hormuz and the Gulf of Oman. The difficulty in reaching a lasting ceasefire agreement in the region has contributed to the continued rise in oil prices.
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