00:00Global oil prices ended higher overnight as fresh attacks on Saudi energy infrastructure re-ignite concerns over supply disruptions in
00:08the Middle East.
00:09While prices trimmed earlier gains, markets remained on edge, or the risk of a wider regional conflict affecting key export
00:17routes.
00:18Brent crude settled up 1% at $105.68 a barrel, while U.S. West Texas Intermediate rose 1.3
00:26% to $101.39.
00:28The gains came after Yemen's Houthi forces launched new missile and drone attacks targeting military facilities in southern Saudi Arabia.
00:40Investor concerns intensify after a separate strike disables Saudi Arabia's east-west pipeline, a critical route that allows oil exports
00:49to bypass the Strait of Hormuz.
00:50The disruption has raised fears over the security of global energy flows, with vessels trafficked through the Strait reportedly falling
00:58well below recent averages.
01:00The latest developments have renewed focus on Saudi Arabia's export capacity, with industry sources indicating storage facilities at the Red
01:09Sea part of Yanbu may only support several days of exports if supply disruptions persist.
01:16Analysts warned that prolonged instability could place additional pressure on an already tight energy market.
01:23However, oil prices retreated from their session highs after U.S. President Donald Trump signaled that Iran was seeking a
01:30deal with Washington.
01:31Markets are also monitoring developments in Russia and Ukraine, alongside expectations of further U.S. interest rate hikes, which could
01:38weigh on global economic growth and future energy demand.
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