Houthi, Iran strikes on Saudi targets and Hormuz shipping lift oil 2%

Oil prices rose over 2% on September 14 after Yemeni Houthi forces struck Saudi Arabia and Iran attacked ships in the Strait of Hormuz. The attacks mark an escalation in regional conflict affecting critical energy infrastructure and a key chokepoint, though the extent of damage and supply disruption remains unconfirmed. This raises geopolitical risk premium in oil markets.