The Yemeni Houthis have claimed a series of new attacks targeting Saudi energy infrastructure, according to Oilprice.com. Spokesperson Yahya Saree reported strikes against two refineries, including Ras Tanura and Rabigh, alongside an Aramco facility in Buqayq and airports in Dammam and Riyadh. Saudi Arabia has not issued confirmation regarding the incidents or any potential impact on its operations.
These claims arrive as crude oil prices head toward their fourth consecutive monthly gain, fueled by escalating tensions in the Middle East, Oilprice.com reported. Brent crude was trading at $116.56 per barrel, while West Texas Intermediate stood at $103.35 per barrel ahead of the upcoming U.S. midterm elections on November 3.
Regional security concerns persist as Washington considers potential military action against Iran. President Donald Trump has repeatedly mentioned the possibility of resuming strikes following the midterms, while media outlets have reported coordination between the U.S. and Israel. These ongoing geopolitical tensions continue to shape market behavior and pricing, according to Oilprice.com.