Market Flux Event

Houthis Launch Broad Strike Wave on Saudi Energy Sites and Airports, Lifting Oil Prices

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Yemen's Houthi forces launched a wide wave of missile and drone attacks on Saudi Arabia on October 19, targeting critical energy infrastructure and military installations across the kingdom. Houthi military spokesman Yahya Sarea named seven sites struck in the operation: Saudi Aramco facilities in the Red Sea port city of Yanbu, the Shaybah oil field in the Empty Quarter, King Khalid International Airport in Riyadh, Abha airport and nearby radar installations, the air force base at Khamis Mushait, the Saudi naval base at Jazan, and the Bir Askar radar station near Najran. Sarea described the strikes as retaliation for Saudi air raids on what he called civilian targets in Sanaa and other parts of Yemen that he said killed and wounded dozens of people, most of them women and children.

The scope of the claimed operation marks one of the most geographically spread Houthi strikes on Saudi territory in the current escalation, hitting targets from the capital in the north to the southwestern border region. Earlier in the day, a Yemeni Armed Forces military source warned that Riyadh would not be safe and that Saudi oil facilities were within range, signaling the operation in advance. Oil markets responded immediately: WTI crude extended gains to 1.5% and Brent, which had been falling, reversed course to trade up 0.15% following the announcement.

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Sources

  1. FinancialjuiceYemeni Armed Forces military source: The Saudi capital will not be safe and its oil facilities are in the crosshairs of our missiles - Fars News
  2. CablefxmacroπŸ‡ΎπŸ‡ͺπŸ‡ΈπŸ‡¦*HOUTHIS SAID THEY TARGETED SAUDI ARABIA ENERGY SITES
  3. MarketsdayYEMEN'S HOUTHIS SAY THEY CARRIED OUT SEVERAL ATTACKS AGAINST SAUDI ARABIA ENERGY, AIRPORTS, AND MILITARY TARGETS INCLUDING ARAMCO SITE IN YANBU
  4. Osint613Houthi military spokesman Yahya Sarea has announced a wide wave of attacks on Saudi territory. The sites he named: β€’ Saudi Aramco facilities in Yanbu, on the Red Sea coast β€’ The Shaybah oil field β€’ King Khalid airport in the capital, Riyadh β€’ Abha airport and radar installations nearby β€’ The air force base at Khamis Mushait β€’ The Saudi naval base at Jazan β€’ The Bir Askar radar near Najran, in the southwest of the kingdom Sarea presented the attacks as a response to Saudi strikes on what he called civilian targets in Sanaa and various areas of Yemen. He claims those strikes caused dozens of dead and wounded, most of them women and children.
  5. DeItaoneBRENT REVERSES COURSE, WTI EXTENDS GAINS AFTER HOUTHIS CLAIM ATTACKS ON SAUDI INFRASTRUCTURE; BRENT LAST UP 0.15%, WTI UP 1.5%
  6. KalshiBREAKING: Brent crude surges above $110, its highest since May 19
  7. FxempireNatural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Rallies As Houthis Attack Shaybah Oil Field