WS #12722
Houthi militants fired on Saudi oil installations in Yanbu and Jizan, expanding the conflict to a second front and threatening Red Sea shipping routes. Kazakh President Tokayev publicly urged Putin to end the Ukraine war, a significant diplomatic signal from a key Russian ally. Ukrainian drones struck a Siberian oil refinery in Tyumen and a Caspian Sea oil platform, escalating attacks deep inside Russia. European gas prices hit four-month high above €60/MWh as US-Iran war threatens winter LNG supplies, with storage at 54% vs 64% last year.
Middle East conflict escalation to Red Sea
Houthi militants fired on Saudi oil installations in Yanbu and Jizan, expanding the conflict to a second front and threatening Red Sea shipping routes.
Kazakh President Tokayev publicly urged Putin to end the Ukraine war, a significant diplomatic signal from a key Russian ally.
Ukrainian drones struck a Siberian oil refinery in Tyumen and a Caspian Sea oil platform, escalating attacks deep inside Russia.
European gas prices hit four-month high above €60/MWh as US-Iran war threatens winter LNG supplies, with storage at 54% vs 64% last year.