Saudi Arabia's Oil Fueled Firestorm: A Crisis of Unprecedented Proportions The recent drone and missile attacks on Riyadh have sent shockwaves through the global oil market.
Iranian backed Houthi militants in Yemen claimed responsibility for the assault, which has left experts scrambling to predict the impact on prices.
The escalation of hostilities between Saudi Arabia and the Houthis has been building for months. The group has seized key ports and islands, disrupting oil exports from the strategic port city of Mokha.