Houthi Attacks on Riyadh Airport Disrupt Airlines, Push Oil Above $105
What’s happening
Yemen's Iran-backed Houthi militia claimed responsibility for strikes on Riyadh's main airport, killing at least three people and prompting multiple airlines—including Delta—to suspend or delay flights to the Saudi capital. The attacks mark an escalation in Red Sea and Gulf shipping disruptions that have persisted for months.
Market impact
Brent crude jumped to $105 per barrel as tanker traffic through the Strait of Hormuz plummeted to its lowest level since July, with only seven vessels passing through on Tuesday. Treasury yields climbed in tandem, pressuring equities as investors repriced inflation and Fed policy expectations.
Broader implications
The airport strike signals Houthi capability to hit strategic infrastructure, not just shipping. Escalation risks remain acute as the Trump administration signals potential large-scale military response, threatening further supply disruption and geopolitical volatility.
Sources (3)
The articles Pulse read to write this story- Houthis claim attack on Riyadh airport as airlines suspend flights to Saudi capitalThe Guardian World NewsStrong bearish −80
Houthis claim they struck Riyadh's main airport in Saudi ArabiaCBS NewsBearish −39
Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recoveryCNBC Top StoriesNeutral 0
Written by Pulse AI from the articles above. Always check the original reporting before acting on it.