Houthis Claim Attacks on Eight Saudi Ships, Oil Jumps 1%

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Houthi rebels claim to have attacked eight Saudi-linked ships, leading to some rerouting of vessels. This action follows a blockade of Saudi shipping declared by the Houthis last month. Saudi authorities have not yet commented on the alleged attacks. Oil prices reacted to the news with a 1% jump, reaching approximately $80 a barrel.

The reported attacks on Saudi-linked shipping raise concerns about potential disruptions to oil transit routes. Previous Houthi actions have impacted maritime security in the region, a key area for global energy supplies. Traders are monitoring the situation for any escalation that could affect crude oil availability. On Hyperdash,

WTI Crude is down -0.14% and Brent Crude is down -0.13% since the news.

SourcesFirst Squawk

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