Saudi energy facilities have come under attack by Yemen’s Iran-aligned Houthis, raising immediate concerns over global oil supplies. The disruption has sent gas prices climbing in Europe, where countries are rushing to fill storage ahead of winter demand. UK wholesale gas prices have surged to near their highest levels in over a year, adding pressure on energy markets. The incident underscores growing tensions in the region and their potential ripple effects on fuel costs worldwide.
Saudi authorities said operations at some energy facilities have been attacked by Yemen’s Iran-aligned Houthis Gas prices are rising this morning, putting pressure on European countries who need to stock up their storage levels before the winter.The month-ahead UK gas price is up around 1% at 184p a therm, close to yesterday’s highs when gas hit its highest since January 2023. Continue reading...
