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Yemen's Houthis said Wednesday they had targeted facilities belonging to Saudi Aramco, after Saudi officials reported a strike on a building in an area housing the energy giant's operations centre. Powerful explosions meanwhile rattled the Saudi capital, as the coalition fighting the Houthis said it had intercepted a missile fired by the Iran-backed group towards Riyadh.
Ships in the Strait of Hormuz have been experiencing the worst spate of attacks since the start of the war.
US equity futures waver ahead of earnings season with the US Treasury market closed for the holiday. Oil swings after President Trump said Kyiv and Moscow had agreed to an “energy ceasefire,” while President Zelenskyy says Russia has breached the truce. Saudi Arabia suffered its deadliest strikes since the Iran war began. Divya Singaravelu of Meridian 1305 Capital joins "Bloomberg Brief" to discuss the outlook for the 10-year Treasury yield. Josef Aschbacher, Director General of the European Space Agency, speaks to Bloomberg's Oliver Crook at the Warsaw Security Forum. Stella Li, Executive Vice President of BYD, speaks to Bloomberg's Caroline Connan about the automaker's expansion into Europe at the Paris Auto Show. (Source: Bloomberg)
Flames and smoke were seen rising from a facility belonging to Saudi oil giant Aramco south of the kingdom’s capital Riyadh on Saturday, an AFP journalist said. The circumstances remained unclear but in recent weeks Aramco, majority-owned by the Saudi state, has come under attack from the Houthi group targeting the kingdom as part of the war in Yemen where Riyadh is backing the internationally recognised government. Aramco remains the flagship company of the Saudi economy and one of the largest...