Houthi attacks shut major Saudi oil pipeline and seize Red Sea islands, sending Brent crude above $108

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Houthi attacks shut major Saudi oil pipeline and seize Red Sea islands, sending Brent crude above $108

⚡ Markets: Significant supply-side shock to the global oil market. Bullish for crude oil (Brent, WTI), energy stocks, and inflationary assets. Bearish for energy-importing economies and risk assets sensitive to inflation and higher rates.BrentWTIXLEUSD

Iran-aligned Houthi forces in Yemen attacked and shut down Saudi Arabia's key East-West oil pipeline and seized strategic islands near the Bab al-Mandab strait. The escalation, which threatens 4% of global oil supply, caused Brent crude prices to surge over $108 per barrel, intensifying global inflation and supply chain concerns.

West MSM 9Google West 6Financial press 10Regional 23Google Non-West 11West Right 5Non-West Ind. 5West Left 1Non-West State 524 countries

75 sources across the spectrum

Google WestGoogle News (Italy) — Salta all'ultimo il vertice sul petrolio fra l'Iran e gli Stati del Golfo. E il blocco dell'oleodotto saudita mette a rischio il 4% dell'offerta petrolifera mondiale

Financial pressCNBC — Brent crude jumps above $108 after Saudi Arabia shuts down critical pipeline that bypasses Strait of Hormuz

Financial pressBloomberg — Asian Refiners Seek Saudi Updates After Oil Pipeline Closure

Financial pressOilPrice — Brent Hits $108 as Saudi Pipeline Shutdown Deepens Supply Fears

RegionalArab News — Oil prices jump more than 2 percent as Mideast tensions deepen supply fears

Financial pressOilPrice — Middle East Oil Routes Under Pressure as Hormuz Traffic Tumbles

RegionalDanas — Jemenski Huti učvrstili kontrolu nad pomorskim pravcima, dodatni pritisak na globalno snabdevanje naftom: Saudijska Arabija „ne želi totalni rat, ali verovatnoća za to raste“

West MSMDer Spiegel — Jemen: Huthis besetzen weitere wichtige Inseln – Zehntausende auf der Flucht

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