OIL MARKETS FACE GROWING SUPPLY RISKS AS MIDDLE EAST ATTACKS ESCALATEHouthi missile and drone strikes on Saudi Arabia ar | Hanami
OIL MARKETS FACE GROWING SUPPLY RISKS AS MIDDLE EAST ATTACKS ESCALATE
Houthi missile and drone strikes on Saudi Arabia are intensifying, threatening critical oil infrastructure and exports through the Red Sea.
Energy analysts warn that Yanbu and Jizan remain particularly vulnerable, potentially forcing Saudi Arabia to route more crude through the Strait of Hormuz, where shipping risks are also rising.
Meanwhile, Trump's Russian diesel deal may cover just 10% of the estimated global supply shortfall, offering limited relief from elevated fuel prices.
The proposed Russia-Ukraine energy ceasefire is already under strain, with Kyiv reporting fresh Russian attacks and Moscow yet to confirm an agreement.
The outlook: Persistent supply disruptions, elevated diesel prices and continued upside risks for oil.