Oil prices climbed Monday after Yemen’s Houthis said they had fired missiles at Israel, opening a new front in the U.S.-Israeli war with Iran.
May futures for international benchmark Brent crude rose 2.92% to $115.86 per barrel during early Asia hours, while U.S. West Texas Intermediate futures were 3.20% higher at $102.80 per barrel.
Yemen’s Houthis said Saturday they had launched missiles at Israel, marking their first direct involvement in the U.S.- Israel war against Iran.
In a post on X, spokesperson Yahya Saree said the group fired a barrage of ballistic missiles at what it called sensitive Israeli military targets, in support of Iran and Hezbollah forces in Lebanon.
The attack marks a further escalation in the conflict, which began with U.S. and Israeli strikes on Iran on Feb. 28.
