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More than 2,000 fled Yemen fighting to Djibouti - UN

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More than 2,000 fled Yemen fighting to Djibouti - UN
AI Summary

Tensions in the Middle East have escalated following Houthi attacks on Saudi oil infrastructure and maritime vessels in the Strait of Hormuz. These incidents have disrupted global energy supply routes and prompted military retaliation in Yemen.

Why it matters

The disruption of critical oil transit routes and infrastructure threatens global energy security and could lead to significant price volatility in international markets.

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New strikes on Saudi Arabia and on ships in the Gulf have tested nerves in the Middle East after an attack on a Saudi oil pipeline and an advance by Yemen's Houthis threatened to worsen the wartime disruption to global energy supplies.

Oil traders were expecting prices to rise again when markets reopen tomorrow, following the weekend developments that jeopardise supplies from the world's biggest exporter, Saudi Arabia.

In the latest incidents in the Gulf, the British maritime security agency, ‌UKMTO, said a vessel had been struck by a projectile as it moved through the Strait of Hormuz, causing a fire and forcing the crew to be evacuated.

Iran, for its part, said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast.

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