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Oil prices jump 4% as Houthis fire missiles at Saudi Arabia
- On Thursday, September 24, oil prices climbed about 2 per cent after a Houthi missile attack on Saudi Arabia revived fears of supply disruptions.
- Yemen's Iran-backed Houthis fired six ballistic missiles at Saudi targets on Thursday, targeting the southern province of Taif and the Yanbu area on the Red Sea.
- Negotiators from the US and Iran are exploring a phased path out of war in New York, potentially reopening the Strait of Hormuz in exchange for Washington lifting its economic blockade.
- Iranian flights to Gulf neighbors were canceled after new US sanctions, with Tehran threatening to make neighboring airports "unusable" if they comply with the restrictions.
- Energy Secretary Chris Wright contacted major American refiners regarding voluntary diesel export restrictions, though analysts warn such measures could worsen global supply shortages and disrupt economies.
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Oil prices have increased the rise during the day on Monday.
The Houthi rebels have escalated their fighting against Saudi Arabia and its oil facilities. Analyst Christian Kopfer is looking at the “true oil price” for indications of where it is headed – and is worried. “It won’t be a fun Christmas present for households.”
·Stockholm, Sweden
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Brent crude oil is trading at $105.58 per barrel on international futures markets.
·Türkiye
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SAUDI Arabia has intercepted six ballistic missiles fired by Yemen's Houthi rebels, sending oil prices to their highest level in a week on concerns about global supply.
·Zagreb, Croatia
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Eel Brent and the Texas WTI were the most affected barrels of oil due to the intensification of the conflict in the Middle East.
·Mexico
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Total News Sources42
Leaning Left3Leaning Right10Center6Last UpdatedBias Distribution53% Right
Bias Distribution
- 53% of the sources lean Right
53% Right
L 16%
C 31%
R 53%
Factuality
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