Oil prices surge following Houthi attacks on Saudi Arabian airports

Source Summary

Oil prices rose Monday after Iran-backed Houthis attacked two Saudi Arabian airports over the weekend. Brent crude closed at nearly $106 per barrel, up approximately $1.20 from Friday's close, and peaked at $107.33 earlier in the day.

Why it matters

Attacks on Saudi Arabian energy infrastructure by Houthi forces create supply-side risk that directly affects global crude oil prices and energy markets.