Houthis claim attack on Saudi Aramco facility in Abqaiq

Yemen's Houthi movement claimed an attack on Saudi Aramco's Abqaiq facility, escalating regional tensions around a key node in global oil infrastructure. The strike targets the same processing site that was hit in 2019, when a disruption there briefly knocked out roughly 5% of global oil supply and triggered a sharp price spike. Because Abqaiq handles a large share of Saudi crude processing, even a partial outage can ripple through oil benchmarks, freight and insurance costs, and energy-linked assets. Traders will watch for confirmation from Saudi Aramco on whether operations were affected, any supply or export adjustments, and the response from Riyadh and its allies.