Oil prices skyrocket as Yemen launches missiles at Israel

Oil prices skyrocket as Yemen launches missiles at Israel

Oil prices drastically increased on Wednesday as the confrontation in the Middle East expanded to Yemen, which overlooks the most important international shipping lines.

Oil prices in early Asian trading today reached more than $85 per barrel for the first time in years.

The Gulf countries, especially Saudi Arabia, are the most prominent source of fuel in the Asian market.

Economic sources expected an increasing rise in prices in the coming hours, attributing the reason to fears of the repercussions of Yemen entering into direct confrontation with the Israeli occupation.

Yemen overlooks the most important oil corridors in the world, Bab al-Mandab, through which approximately 85% of Gulf oil passes.

The Yemeni armed forces announced, through their official spokesman, Brigadier General Yahya Saree, the implementation of a new attack on the Israeli targets for the third time, which increases international concerns about the possibility of the expansion of the war in the region affecting oil su