Global oil markets faced renewed uncertainty on Monday after deadly attacks on Saudi Arabia's main international airport, fresh tanker incidents near the Strait of Hormuz and overnight airstrikes in Yemen intensified concerns about Middle Eastern energy supplies. However, crude prices fluctuated as investors weighed the regional security risks against a separate US-Russia diesel supply agreement and President Donald Trump's announcement of a proposed Russia-Ukraine energy ceasefire. Deadly Attacks Raise Middle East Tensions Saudi Arabia's King Khalid International Airport in Riyadh suffered repeated attacks over the weekend, with a combined reported toll of 14 deaths and more than 320 injuries. Yemen's Iran-backed Houthi movement claimed responsibility for the attacks. The airport disruption also raised concerns about aviation safety and the possibility of further regional escalation. Separately, overnight airstrikes struck areas of Yemen's capital, Sanaa. Houthi-ru...
Oil Market on Edge After Deadly Riyadh Airport Attacks and Hormuz Tanker Strikes; Brent Trades Above $100
Global oil markets faced renewed uncertainty on Monday after deadly attacks on Saudi Arabia's main international airport, fresh tanker incidents near the Strait of Hormuz and overnight airstrikes in Yemen intensified concerns about Middle Eastern energy supplies. However, crude prices fluctuated as investors weighed the regional security risks against a separate US-Russia diesel supply agreement and President Donald Trump's announcement of a proposed Russia-Ukraine energy ceasefire. Deadly Attacks Raise Middle East Tensions Saudi Arabia's King Khalid International Airport in Riyadh suffered repeated attacks over the weekend, with a combined reported toll of 14 deaths and more than 320 injuries. Yemen's Iran-backed Houthi movement claimed responsibility for the attacks. The airport disruption also raised concerns about aviation safety and the possibility of further regional escalation. Separately, overnight airstrikes struck areas of Yemen's capital, Sanaa. Houthi-ru...