Oil prices continued to rise. Previously, the Iran-backed Houthis claimed they attacked two Saudi oil tankers in the Red Sea, leading to the escalation of the Middle East conflict and possibly further exacerbating supply disruptions. Brent crude oil futures once rose 2.2% to more than 96 US dollars per barrel, closing at a six-week high the previous trading day; while WTI crude oil futures hovered around 88 US dollars. The Houthis claimed that they fired missiles and drones at ships that violated the blockade, and identified the two tankers as Encelia and Layla, respectively. A few minutes before the Houthis issued a statement, the British Maritime Trade Action Group said that a ship was hit by ammunition southwest of Al Shuqaiq on Saudi Arabia's Red Sea coast, causing a fire on board. The organization did not disclose the exact name of the vessel.

Oil prices continued to rise. Previously, the Iran-backed Houthis claimed they attacked two Saudi oil tankers in the Red Sea, leading to the escalation of the Middle East conflict and possibly further exacerbating supply disruptions. Brent crude oil futures once rose 2.2% to more than 96 US dollars per barrel, closing at a six-week high the previous trading day; while WTI crude oil futures hovered around 88 US dollars. The Houthis claimed that they fired missiles and drones at ships that violated the blockade, and identified the two tankers as Encelia and Layla, respectively. A few minutes before the Houthis issued a statement, the British Maritime Trade Action Group said that a ship was hit by ammunition southwest of Al Shuqaiq on Saudi Arabia's Red Sea coast, causing a fire on board. The organization did not disclose the exact name of the vessel.