Oil prices jumped to $99 a barrel Thursday after Yemen’s Houthi rebels attacked two Saudi Arabian oil tankers in the Red Sea. The Houthis claimed responsibility for the attack, stating they used missiles and drones to target the vessels Encelia and Layla as part of a “special military operation.” This action has raised concerns about potential disruptions to oil supplies and increased tensions in the region.
The attack prompted an immediate response in global markets, with oil prices rising sharply. Financial Times reported oil jumped to $99 a barrel following the incident. NBC News noted new concerns over future oil and gas prices as a result of the attacks. The Washington Examiner similarly reported that oil prices jumped in response.
The Houthis are backed by Iran, though sources do not detail the extent of Iranian support beyond this backing. Asian refiners may face delays in receiving crude oil shipments, potentially waiting an extra month, as tankers avoid the Bab al-Mandab strait due to safety concerns, according to Financial Times. This could impact supply chains and contribute to further price volatility.
No right-leaning outlets reported on the story beyond the Washington Examiner. The incident occurs against a backdrop of existing regional instability and escalating tensions. While the immediate impact on oil supplies remains uncertain, the attack highlights the vulnerability of critical infrastructure in the region and the potential for disruptions to global energy markets.
We don't rate truth. We strip the spin and show you which perspectives covered the story. You decide.
Read the original coverage
💬 Comments
📜 Comment Policy