New Attacks in Hormuz and Saudi Test Nerves as War’s Spread Worsens Oil Disruption
New strikes hit Saudi Arabia and ships in the Gulf. A vessel in the Strait of Hormuz was struck by a projectile, causing a fire and evacuation, and Houthi drone strikes knocked out a Saudi east-west pipeline. The Houthis also captured Perim Island, and oil prices rose above $100 last week.
Why it matters: The attacks threaten to worsen energy disruption by endangering both the Strait of Hormuz and the Red Sea route, key chokepoints for global oil supplies.