Saudi Shutdown of Key Pipeline Limits Oil Flow as Yemen Hits Back Against Houthis The closure of a critical oil pipeline in Saudi Arabia after a drone attack from Iraq has pushed crude prices above $100 a barrel for the first time since May.
This development is part of a broader escalation in the conflict between Houthi rebels and Saudi backed forces in Yemen.
For years, the Houthi rebels have been waging a guerrilla war against their opponents with little international attention or intervention.