Quartz·1 min read·easy

Oil prices climb after Houthis claim strike on Saudi Arabia's biggest refinery

Cris Tolomia
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Brent crude oil prices rose by 1.2% following reports of a Houthi-claimed missile strike on a major Saudi Arabian refinery. Saudi authorities have not yet confirmed the attack, leaving markets in a state of uncertainty.

Why it matters

Energy market volatility often stems from geopolitical tensions in the Middle East, directly impacting global fuel costs.

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December Brent crude futures rose 1.2% to $115.19 a barrel…

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