Oil prices spike after Houthi attacks on Saudi airports
Summary
Oil prices increased on Monday after the Houthis, a group supported by Iran, attacked two airports in Saudi Arabia during the weekend. The price of Brent crude oil, a global standard, rose to nearly $106 per barrel by Monday afternoon.Key Facts
- The Houthis launched attacks on two airports in Saudi Arabia over the weekend.
- The Houthis are supported by Iran.
- Oil prices rose following the attacks.
- Brent crude is a key international benchmark for oil prices.
- Brent crude closed at about $106 per barrel on Monday afternoon.
- The price went up about $1.20 from Friday's closing.
- Brent crude briefly reached a peak price of $107.33 earlier on Monday.
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