Oil prices climbed more than a percent on Tuesday as concerns over supply disruptions intensified after attacks on Saudi Arabia's energy infrastructure left the kingdom's East-West pipeline offline, raising fresh doubts over efforts to reduce shipping risks in the Gulf.
Iran-backed Houthi forces in Yemen launched fresh attacks on Saudi Arabia on Monday, while Gulf Arab states postponed planned discussions with Iran. The developments added to concerns that the Middle East conflict could widen and disrupt global oil supplies.
