The Saudi-led coalition struck Houthi targets; energy markets are bracing for instability.
The Saudi Arabian-led coalition launched strikes against Houthi targets in response to Houthi forces' attacks on Jazan and Yanbu. This action further intensified tension in the region.
These developments are fueling instability in global energy markets. The situation has caused tankers to change their routes, leading to a significant increase in crude oil prices.
This instability in energy markets is expected to impact the global economy. Benzinga reported this.