Saudi Arabia intercepted a wave of Houthi missiles as crude-oil prices reached a one-week high. The attacks extended the conflict opened by the Houthis’ July declaration of a maritime blockade on Saudi Arabia, creating another front in the wider U.S.-Iran war. Investors were watching risks to Saudi oil facilities, regional shipping, and the Bab al-Mandab route at the same time as restrictions elsewhere around Hormuz. The incident showed how military escalation in Yemen was feeding directly into global energy markets and concerns about insurance and transport costs.
Source: https://www.theguardian.com/world/2026/sep/25/saudi-arabia-intercepts-houthi-missiles-oil-prices-climbs