Oil Rises Amid Ongoing Mideast Tensions
Oil prices increased in early Asian trade due to persistent tensions in the Middle East, which are fueling concerns about potential supply disruptions. The Houthi rebels in Yemen attacked two airports in Saudi Arabia near the border, as reported by the kingdom on Tuesday.
Oil rose in early Asian trade as ongoing tensions in the Middle East kept supply disruption concerns in focus. Saudi Arabia said Tuesday that attacks by Yemen’s Houthi rebels damaged two airports in the kingdom’s south near the border with Yemen. The body text also refers to Iran, but the supplied section ends there.