Yemen’s Houthis say they attacked an oil facility in southwestern Saudi Arabia. Sunday's attack is the latest by the Iranian-backed rebels on the kingdom.

Houthi attacks on Saudi Arabia and mounting tensions over shipping through the Strait of Hormuz are adding fresh geopolitical risk to Middle Eastern oil supplies.

Meanwhile, Iran has made new demands about the restart of negotiations and the reopening of the Strait of Hormuz, and the Pentagon is pressing the U.S. defense industry to…