Oil climbs following Saudi attacks
Oil prices rose today, Tuesday, after facilities in the southern region of Saudi Arabia were targeted, leading to fires and a temporary halt to some operations. Fears increased over potential long-term disruptions to crude oil supplies. The futures contract for West Texas Intermediate (WTI) increased by 2.48% to $93.75 per barrel, and Brent crude rose by 1.44% to $98.40 per barrel. The Saudi Ministry of Energy stated that the attack caused fires and injuries among citizens and residents, with ongoing assessment and follow-up operations. Meanwhile, the Foreign Ministry reported that the Houthis' targeting resulted in injuries to 73 civilians across four cities, and the threat to navigation in the Red Sea continues.
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