Commodities
Smoke and fire reported near Saudi Aramco facility in Riyadh amid Houthi tensions
Witnesses reported smoke and fire near a Saudi Aramco facility in the Saudi capital amid escalating tensions with Yemen's Houthi movement.
Saudi Aramco is the world's largest oil company, and any incident near its infrastructure typically draws attention from the oil market.
For beginners Disruptions or threats to Saudi oil infrastructure can affect oil prices because the country remains one of the world's largest oil suppliers.