High-resolution satellite imagery has confirmed structural damage to the target, which once operated as an 88,000 BPD refinery before its conversion into a petroleum distribution hub. This escalation follows reports of Iran attacking two oil tankers in the Strait of Hormuz, adding further instability to the flow of energy through regional maritime corridors.
Tuesday, October 20, 2026
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Houthi Attacks Drive Brent Crude to $101 and Shut Saudi Airports
Commodities14 days ago
Global oil prices climbed on Tuesday after ballistic missiles targeted energy infrastructure in western Saudi Arabia, triggering flight suspensions at multiple transit hubs. The attacks by Ansarallah forces on a Saudi Aramco facility in Jeddah pushed Brent crude to $101 per barrel and forced the closure of King Abdulaziz Airport, with flights diverted to Medina for at least 1.5 hours. Operational disruptions were also reported at airports in Abha and Riyadh, as Ansarallah stated its goal is to close Saudi airspace in retaliation for recent airstrikes.
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