Saudi Arabia Slams Houthi Attacks on Oil Stations
Global oil benchmark Brent crude rose 1.6 percent yesterday after Saudi Arabia reported a “cowardly” attack by Yemen’s Houthi rebels on two oil pumping stations using “armed drones.” State-owned firm Saudi Aramco said only one of the stations experienced “minor damage,” while Brent was back down today. The incident followed Monday’s report of sabotage that damaged two Saudi oil tankers.
Are more attacks coming? Analysts believe yesterday’s strikes reveal that the Iranian-backed Houthis are increasingly capable of striking deeper into the kingdom in order to target its oil infrastructure — something U.S. officials have warned Iran may be orchestrating.
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