Oil jumps to $98 after Houthis attack two Saudi Arabian tankers
Financial Times 2026-07-23 10:42:50
Context: Yemeni rebels, known as the Houthis, launched a coordinated attack on two Saudi Arabian tankers, Encelia and Layla, using missiles and drones. The attack caused a significant spike in oil prices, with the price jumping to $98. The incident has escalated tensions in the region.
Key Facts
- The Houthi rebels claimed responsibility for the attack on the two Saudi Arabian tankers, Encelia and Layla, which were targeted using a combination of missiles and drones.
- The tankers that were attacked are owned by Saudi Aramco, the state-owned oil company of Saudi Arabia, which is one of the world's largest oil producers.
- The attack led to an immediate increase in oil prices, with the price surging to $98 per barrel, reflecting concerns about potential disruptions to global oil supplies.