Oil tanks at an oil processing facility of Saudi Aramco, a Saudi state-owned oil and gas company, at the Abqaiq oil field.

Stanislav Krasilnikov | TASS via Getty Images

International benchmark Brent crude futures appeared Monday during trading hours in Asia, topping $ 70 a barrel for the first time in more than a year.

The surge in oil prices came after Saudi Arabia declared its oil facilities the target of missiles and drones on Sunday. A Houthi military spokesperson claimed responsibility for the attacks.

Brent jumped 2.65% to trade at $ 71.20, while American crude futures rose 2.56% to $ 67.78.

Saudi Arabia’s Energy Ministry said an oil tank farm at one of the world’s largest oil transport ports was attacked by a drone and ballistic missile targeting Saudi facilities in Aramco, according to the official SPA press agency.

Such acts of sabotage target not only the Kingdom of Saudi Arabia, but also the security and stability of energy supplies around the world and, therefore, the global economy.

Saudi Arabia Ministry of Energy


A spokesman said no attack caused injury or loss of life or property, but shrapnel from the intercepted missile fell near residential areas in Dhahran city, the report said. SPA.

“Such acts of sabotage target not only the Kingdom of Saudi Arabia, but also the security and stability of energy supplies around the world, and therefore the world economy,” the ministry said via media outlets. State. “They affect the security of oil exports, the freedom of world trade and maritime traffic.”

Yahya Sare’e, a spokesman for the Houthis in Yemen, said he had carried out a “massive joint offensive operation” involving 14 drones and eight ballistic missiles.

He said on Twitter that other military sites had also been targeted with four drones and seven ballistic missiles, adding that “the hit was precise.”

“We promise the #Saudi painful operations by the regime as long as it continues its aggression and blockade on our country, ”he said in another article.

A Saudi-led coalition intervened in the civil war in Yemen in 2015 and continued to fight against the Houthis in what is considered a proxy war with Iran.

The Houthis have reportedly stepped up their attacks on Saudi Arabia in recent weeks.

The Biden administration said last month it would remove Iranian-backed Houthi rebels in Yemen from the lists of foreign terrorist organizations and specially designated global terrorists, according to NBC News.

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