Yemen’s Houthi movement claimed that its armed forces successfully targeted King Khalid International Airport in Riyadh with a ballistic missile, according to the spokesperson Yahya Saree (pictured). The strike “accurately struck its target and disrupted airport operations,” Saree wrote. He also warned airlines “against continuing to operate flights in Saudi airspace, as it has become a theater of our military operations, with the exception of the airspace over the holy cities of Mecca and Medina.” This follows an earlier report of missile strikes on Saudi military sites, which the group claimed killed or injured dozens of troops and set weapons depots on fire.
Oil extends gains, up 3.5% as supply concerns mount
Oil prices extended gains on Thursday as markets weighed the prospect of renewed large-scale US military operations against Iran after The Atlantic reported that US President Donald Trump and his national security team have discussed possible strikes in the upcoming weeks, including potential military actions before next month’s midterm elections. In the Middle East, tanker attacks in the Strait of Hormuz continue to threaten supply, and Iran-backed Houthis have also targeted sites in Saudi Arabia, prompting further strikes by the Riyadh-led coalition. Meanwhile, producers in the Gulf of Mexico shut in more than 510,000 barrels per day of crude output, about a quarter of regional production, due to Hurricane Isaias.
WTI for November delivery increased by 3.55% at 3:10 am ET to $91.39 per barrel. At the same time, Brent for December shipments jumped by 3.85% to $103.98 per barrel.