Tier 1 newswirereuters.com
Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery
Yemen's Houthis have claimed responsibility for an attack on Saudi Arabia's Ras Tanura oil refinery, the largest in the kingdom. This escalation in regional conflict raises concerns about oil supply security, particularly given that the refinery plays a crucial role in global oil markets. Traders will closely monitor the Middle East for further developments that could influence crude prices and, by extension, the currencies tied to commodity exposures. The sensitivity of the FX market to geopolitical tensions adds an extra layer of complexity as market participants navigate potential volatility.