Houthis hit Saudi oil after Riyadh airstrike
Part of composite article Oil Crashes 7%, Wall Street Surges as U.S. and Iran Pause Strikes View full article →
The Iran-backed Houthi group attacked Saudi oil facilities on Saturday. The group accused the United States ally of a "dangerous escalation" after Saudi airstrikes hit Houthi targets in Yemen on Friday. The strikes mark a sharp increase in tensions along the Red Sea front. No casualties were immediately reported.