Oil prices rose significantly following strikes on Saudi infrastructure and ship attacks. Yemen's Houthi rebels strengthened their control over key Red Sea maritime routes. Saudi Arabia's east-west pipeline disruption impacts port inventory levels. Market analysts suggest Saudi inventories may cushion near-term export impacts.

Oil prices surged over 2% after Houthi strikes on Saudi Arabia and attacks near the Strait of Hormuz raised global supply concerns. Read more at straitstimes.com. Read more at…

Oil prices rose more than 2% on Monday as fresh Houthi attacks on Saudi Arabia and Iranian strikes on vessels in the Gulf added to supply concerns following the shutdown of a key…