Yemen’s Houthi movement has announced new attacks on significant targets in Riyadh and a key Saudi oil export hub, according to Reuters. These developments come amid growing tensions over Saudi Arabia’s oil infrastructure, particularly the East-West Pipeline and the Red Sea port of Yanbu. Previous attacks have already disrupted crude loadings, with additional delays now possible. The market now doubts the East-West Pipeline will restart by September 30, with probability dropping to 33.5%.
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