Houthi Drone Attack Hits Saudi Aramco Refinery in Jizan, Citing Retaliation
Yemen's Houthi rebels announced on the 13th that they had used two drones to attack a refinery in Jizan province in southern Saudi Arabia belonging to Saudi Aramco. The group described the strike as retaliation for Saudi violations of Yemeni airspace and sovereignty. The attack comes amid escalating tensions between the Houthis and the Saudi-led coalition, following the Houthis' July announcement of a maritime blockade on Saudi vessels.
Yemen's Houthi rebels announced on the 13th through Yemeni media that they had used two drones to attack a refinery in Jizan province in southern Saudi Arabia belonging to Saudi Aramco, the Saudi state oil company. The Houthis said the operation was "retaliation" for Saudi violations of Yemeni airspace and sovereignty.
Saudi Arabia supports the Yemeni interim government, which is opposed to the Houthis. The Houthis announced a "maritime blockade" on Saudi vessels in July and attacked oil tankers. The Saudi-led multinational coalition subsequently launched military operations, and the Houthis responded with counterattacks, with tensions between the two sides continuing to escalate.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Refining & Petrochemicals, with intensity 60/100 and 70% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.