Oil Prices Surge as Houthis Seize Red Sea Strait and Saudi Pipeline is Attacked
16 sources across 13 countries · 1 of them is linked to a state
Who reported this
- Haaretz
- The Times of Israel
- The Jerusalem Post
- The Guardian
- Financial Times
- CNN Brasil
- France 24
- The Jakarta Post
- Corriere della Sera
- Asahi Shimbun
- Dawn
- Al Jazeera
- Business Day
- The Hankyoreh
- Neue Zuercher Zeitung
- Al-Monitor
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.
Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.
The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.
Global oil prices rose more than 3 percent on Monday, with Brent crude reaching approximately 108 dollars per barrel, following a series of attacks on Saudi Arabian energy infrastructure and shipping routes. The price increase follows the temporary closure of Saudi Arabia's East-West Pipeline after a drone attack, an event attributed by some sources to pro-Iranian militias in Iraq. This pipeline is critical because it allows Saudi Arabia to bypass the Strait of Hormuz, which has been effectively closed during the ongoing war between the United States and Iran. The shutdown threatens up to 4 percent of the global oil supply, leaving the port of Yanbu with only five to seven days of export inventory. Simultaneously, Iran-aligned Houthi rebels in Yemen have seized control of the Bab el-Mandeb strait and the strategic island of Perim, creating a second pressure point for Saudi oil exports. The Houthis also launched missile and drone attacks against Saudi military targets, including the King Khalid Air Base in Khamis Mushait. In the Strait of Hormuz, a projectile struck an Iranian commercial vessel, resulting in one death and four injuries. A scheduled meeting in Oman between Iran and Gulf states to discuss the security of the Strait of Hormuz was postponed due to a lack of consensus. US President Donald Trump has reportedly declined a Saudi request for US military strikes against the Houthis, while Iranian officials have denied direct involvement in the Yemeni conflict. The humanitarian situation in Yemen has worsened, with reports of over 85,000 people displaced since September.
How each side framed it
- Left
- These outlets framed the events as a resounding victory for Iran's axis of resistance and a failure of US strategy.
- Centre-left
- These outlets emphasized the shifting balance of power in the Gulf and the strategic leverage gained by Iran and the Houthis.
- Centre
- These outlets focused on the economic impact and the logistical disruption of global oil supplies.
- Centre-right
- These outlets highlighted the strategic dilemma for Gulf states and the potential for Saudi Arabia to increase its value as a US partner.
Sources
- Centre-left Al Jazeera: Why the Houthi advance towards Yemen’s Marib, Taiz matters
- Centre-left Al Jazeera: Strait of Hormuz talks postponed due to Yemen events, says Iran
- Centre-left Al Jazeera: Yemen gov’t forces advance in Taiz as Houthis claim attack on Saudi Arabia
- Centre Al-Monitor: CENTCOM chief meets Saudi Arabia's MBS amid Houthi gains in Yemen
- Centre Al-Monitor: Houthis target Saudi base as Iran denies involvement in Yemen war
- Centre-left Asahi Shimbun: Differences in positions between Iran and Gulf countries highlighted: Meeting over Strait of Hormuz postponed
- Centre-right Business Day: Oil hits $108 after Saudi pipeline attacks and Hormuz disruption
- Centre CNN Brasil: Iran criticizes postponement of meeting on Hormuz and announces new agreement with Oman
- Centre CNN Brasil: Oil rises nearly 3% after new attacks on the Strait of Hormuz
- Centre-right Corriere della Sera: Oil summit between Iran and the Gulf States jumps at the last minute. And the block of the Saudi pipeline puts 4% of the world oil supply at risk
- Centre-left Dawn: Brent crude at $107 per barrel following new strikes on Saudi Arabia, Strait of Hormuz
- Centre Financial Times: The Saudi relief valve is being closed
- Centre France 24: Yemen: Houthis claim new attacks in Saudi Arabia
- Centre France 24: Middle East: Houthis strengthen their grip on the Bab-el-Mandeb strait
- Centre France 24: Yemen: the Houthis, masters of the game? Let's talk about it with D. Schmid, J. Grange Gastinel and Q. Müller
- Centre France 24: Conflict in Yemen: are the Houthi rebels the masters of the game?
- Left Haaretz: Houthis seize additional Red Sea islands, tightening grip on key shipping route
- Centre-right Neue Zuercher Zeitung: Iran's drones hit Saudi Arabia and the world: After new attacks, oil, gasoline and diesel will remain expensive
- Centre-left The Guardian: Gulf states postpone strait of Hormuz talks with Iran as Yemen conflict intensifies
- Left The Hankyoreh: ‘Resounding victory’: Iran’s axis of resistance cuts off Saudi oil exports
- Centre-left The Jakarta Post: Houthis' Yemen advance leaves Gulf states with uncomfortable choice
- Centre-right The Jerusalem Post: Saudi crown prince meets CENTCOM chief in bid for US help amid escalating Houthi attacks
- Centre-right The Jerusalem Post: Iran tried to intimidate Saudi Arabia - it may have made Riyadh more powerful instead - opinion
- Centre The Times of Israel: Houthis seize more key islands in Red Sea, launch attacks into Saudi Arabia
100% of the statements in this article were traced back to the source articles listed above.