Attacks on facilities in Jizan Province are underway, causing supply disruptions and driving up Brent crude futures.

The entities involved

• Jizan →

  capital of Jizan Province, Saudi Arabia

  • Iran-backed Houthis conducted strikes targeting the southern city of Jizan.Fri 09:09
• Houthis →

  Yemeni Islamist organization

  • Escalating conflict involves Iran and Saudi Arabia, with fighting intensifying between Saudi-backed forces and Houthis. Karami warns of a firm response to miscalculation.Mon 17:52
  • Houthis targeted international flight paths with indiscriminate missiles, utilizing Iranian air defense weapons.Mon 17:52

Related events

• Disruptions in the Hormuz Strait due to Houthis aggression and threats from Iran are causing oil supply issues and market volatility.Sep 10
• In 1995, a conflict involving the Houthis expanded, leading to crude price increases. The Houthis were described as being backed by Iran.Sep 9
• Houthis attacks in the Red Sea keep Brent crude high, while inflation data affects Fed speculation and tech stocks surge.Aug 12
• Proxies struck the Abqaiq oil refinery and targeted Saudi oil infrastructure in the Red Sea, prompting the drawdown of strategic reserves.Jul 31