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The Economic Times
The Economic Times

New attacks in Hormuz and Saudi test nerves as war's spread worsens oil disruption

Iran United States Oil Mohammed bin Salman Strait of Hormuz Donald Trump Saudi Arabia Oman Drone UKMTO

New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, 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 on Monday, following the weekend developments that jeopardise supplies from the world's biggest exporter, Saudi Arabia.

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