Oil prices surged sharply following a reported Houthi attack on a Saudi airport. West Texas Intermediate and Brent crude futures both climbed over 6% intraday.
The attack immediately raised market concerns about potential disruptions to global oil supply. The region is a critical hub for energy production.
Brent crude traded above $78 per barrel. WTI futures rose to approximately $73.11-$73.26.
Market observers are watching for potential further escalation. Responses from OPEC+ leadership and international energy agencies will be key. Any confirmed supply disruptions could lead to increased price volatility.
The situation echoes past Houthi attacks on Saudi energy infrastructure, which have historically impacted global supply and prices.