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According to a report from The Guardian, Saudi Arabia aims to extend its military operations against Iran-aligned Houthis for attacking the Najran province, which is located in its southern region, and Yemeni government troops. It should be noted that Saudi Arabia is a supporter of the internationally recognized Yemeni government.
In a separate attack early on Friday, a Saudi official accused the Houthis of indiscriminately shelling civilian areas in Saudi Arabia, injuring 11 civilians, including a four-year-old child. Maj General Turki al-Maliki, spokesperson for the Saudi-led military coalition supporting Yemen’s government, said the coalition would continue taking all necessary measures to protect civilians.
Escalating conflicts inside the Middle East region are prompting fears of a prolonged oil supply disruption, which could keep global inflation expectations de-anchored.
Market reaction
As of writing, the WTI Oil price holds onto its Thursday’s strong recovery move near $77.50.
