Saudi Crown Prince Mohammed bin Salman has sought Egyptian backing as Houthi forces expand along Yemen’s Red Sea coast and more than 100,000 people are displaced.
Some physical European oil cargoes have risen above $130 a barrel, with North Sea Forties reaching $136.75 as buyers seek alternatives to disrupted Saudi supplies.
Saudi Arabia has issued emergency alerts across several cities as Houthi missile and drone attacks intensify, with 13 civilians injured and critical oil infrastructure already disrupted.
The Houthis say they launched dozens of missiles and drones at a Saudi military airbase as Gulf states postpone talks with Iran over reopening Hormuz.
Saudi Crown Prince Mohammed bin Salman has met the head of U.S. Central Command after seeking American military assistance against the Houthis.
The Houthis claim missile and drone attacks on a Saudi military base as Saudi authorities report a projectile injured two people and damaged a mosque in Jazan.
Oil prices jumped more than $3 as fresh attacks hit Saudi Arabia and shipping in Hormuz while the Saudi pipeline designed to bypass the strait remains offline.
Donald Trump says he will consider releasing additional 9/11 government records sought by victims’ families and lawmakers, including material concerning possible Saudi links.
Saudi Arabia may have only five to seven days of export stocks if its damaged East-West pipeline does not restart, putting around 4% of global oil supply at risk.
The Houthis claim fresh missile and drone attacks on Saudi Arabia as their growing position around Bab el-Mandeb raises wider risks for global shipping.
