Key facts
- Oil prices rose Monday following Houthi attacks on Saudi Aramco sites.
- Brent crude futures climbed 0.79% to $103.06 a barrel.
- US WTI crude futures rose 0.50% to $91.57 a barrel.
- The Houthis claimed responsibility for missile and drone strikes on Riyadh and Khurais.
- The Saudi coalition reported intercepting drones and a ballistic missile.
- No loss of life was reported in the attacks.
Oil prices saw an increase on Monday as Yemen's Iran-backed Houthi rebels claimed responsibility for launching ballistic missiles and drones targeting Saudi Aramco facilities in Riyadh and the Khurais area. The attacks have fueled concerns about potential disruptions to production from Saudi Arabia, a major oil exporter.
Brent crude futures rose by 81 cents, or 0.79%, to settle at $103.06 a barrel by 22:02 GMT. Concurrently, US West Texas Intermediate (WTI) crude futures climbed 46 cents, or 0.50%, to $91.57 a barrel.
The Saudi-led coalition stated that four drones were launched into southern Saudi Arabia, with one targeting an Aramco facility in Jizan. Additionally, a desalination plant in Al-Shaqeeq and a gas station in Khamis Mushait were reportedly hit. The coalition reported that the drones and a ballistic missile aimed at Jazan were intercepted and destroyed. According to the coalition, there were no reported casualties.
Yahya Saree, the Houthi military spokesman, asserted that both operations achieved their objectives and caused significant fires at the targeted sites.