- The Iran-backed Houthis have claimed responsibility for the attack on the Saudi capital
An attack near Riyadh’s international airport by the Iran-backed Houthis has elevated tensions in the Middle East and is set to put further pressure on the already high price of oil.
The latest attack on sensitive sites in the Saudi capital follow the bombing of Saudi Aramco’s East-West pipeline, which forced a shift in export routes.
The Yemen-based Houthis have made an aggressive push to control Yemen’s entire Red Sea coast, which gives them de-facto control over major oil shipping channel the Hormuz Straight.
The UN Security Council said it “condemned in the strongest terms continued Houthi attacks against the Kingdom of Saudi Arabia”.
In the meantime, airlines globally are under pressure from high aviation fuel costs, with the latest attack offering no reprieve from high oil prices the short term.
