Middle East Geopolitical Risks Escalate: Houthi militants attack Saudi oil facilities, commercial vessel explosion occurs in the Strait of Hormuz.
Houthi forces reportedly launched a large-scale ballistic missile and drone attack on oil facilities in the Saudi port of Al-Mu'ajiz on the Red Sea coast. Satellite images show multiple large oil storage tanks on fire at the Al-Mu'ajiz terminal in southern Saudi Arabia. Saudi authorities stated that the port has resumed crude oil loading operations after partial repairs to the East-West pipeline were completed. Additionally, Newsquawk, citing Ambrey, reported an explosion involving a commercial vessel in the southern shipping lane of the Strait of Hormuz.
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