Houthi rebels attack Saudi military base with missiles and drones

The Houthis, backed by Iran, have declared that they conducted an attack using ballistic missiles and drones against a military base in Khamis Mushait, southern Saudi Arabia. Reports suggest that this attack targeted weapon depots and command centers at the military facility.

The attack occurred amidst rising tensions, as the rebels assert they have targeted strategic installations in response to Saudi bombings in Yemen. In the 24 hours leading up to the attack, numerous Saudi airstrikes on Yemeni territory were reported, according to Houthi statements.

In addition to the strike on the base in Khamis Mushait, the Houthis have also claimed to have attacked a pipeline in Saudi Arabia, which could significantly impact the country's oil production. This infrastructure is vital for Riyadh, with a loading capacity of 7 million barrels per day.

These developments have led to an increase in oil prices, surpassing $100 a barrel, raising concerns in financial markets. As a result, increases in interest rates from the European Central Bank were anticipated due to inflationary pressures stemming from energy prices.

The Houthi attack also prompted the cancellation of an important summit between Iran and Gulf countries that was scheduled to take place in Oman. This meeting was seen as an effort to stabilize the situation in the region, but recent events have complicated the talks.

Amidst these conflicts, tensions in the region have notably escalated, with a growing number of displaced persons in Yemen and increased maritime controls in the Red Sea. The Houthis have continued their operations, claiming to have taken control of more strategic areas in the region.