The Houthis have claimed responsibility for an attack on Saudi Arabia’s east-west oil pipeline, a critical infrastructure for moving crude oil from eastern fields to the Red Sea port of Yanbu. The attack was stated to be in retaliation for Saudi drone incursions into Yemeni airspace. Saudi officials have not yet independently verified the claim, leaving uncertainty about the extent of any damage. Markets remain on alert as participants view hitting the $130 mark as a more plausible scenario given current geopolitical tensions.
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