Crude oil prices rose on Monday after Yemen's Iran-backed Houthis said they launched ballistic missiles and drones at Saudi Aramco sites in Riyadh and the Khurais area, raising concerns about production at the top exporter in the region. Brent crude futures climbed 81 cents, or 0.79%, to $103.06 per barrel, while US West Texas Intermediate crude was at $91.57 a barrel, up 46 cents, or 0.50%.
Yemen's Iran-aligned Houthi movement has claimed responsibility for a missile and drone attack on Saudi Arabia's energy infrastructure, saying it targeted an Aramco facility in Riyadh in retaliation for Saudi-backed military operations in Yemen. Houthi military spokesman Yahya Saree said the group launched long-range ballistic missiles and drones at the Saudi facility and described the operation as precise.
He claimed the attack caused fires at the targeted site and warned that the Houthis would respond to any further escalation by Saudi forces. The Houthis said their latest attack was a direct response to Saudi military operations in Yemen, including airstrikes against Houthi-controlled areas. Saudi-backed forces supporting Yemen's internationally recognised government have intensified military operations across several fronts, including areas around Taiz and Lahij.
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