The oil map grew a second wound.
Reuters / Al-Monitor: Yemenβs Iran-aligned Houthis struck southern Saudi Arabia on Tuesday. The Saudi-led coalition named Abha, Khamis Mushait, Jazan, and Najran. 73 people wounded, including women and children, authorities said. The Saudi energy ministry: fires, several injured on site, operations halted at some energy facilities while crews contain blazes and count damage. Riyadh called it a dangerous escalation. The coalition said it will take βall necessary operational measures.β
Houthi military spokesperson Yahya Saree said the group would announce a broader operation into Saudi territory. He claimed strikes on Aramco facilities and an air base at Khamis Mushait with missiles and drones. Aramco had not commented in the Reuters copy we are using. Claims are claims. The ministry halt is the operational sentence.
This sits on top of the U.S.βIran war, the Hormuz drip, and Rezaeiβs restricted-zone talk. Globe and Mail, 4 a.m. ET: Brent $99.00, up about $2, as high as $99.22 β highest since July 24. WTI $94.41, up about $2.93, as high as $94.60 since June 8. Reuters at 11:35 a.m. ET still had Brent up 0.77% while the cash indexes were already red. We will not type a midday oil close that is still a live wire.
What this means for you
If you drive, the pump was already a holiday record. If you hold energy, this is why that sector can print green on a red tape. If you needed a ceasefire, this is the opposite direction. Not investment advice.
Bottom line: 73 hurt. Some Saudi energy sites stopped. $99 tagged before New York sat down. Hormuz was not the only valve.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
