● Neutral for Indian equities
Riyadh Air Traffic Disrupted? Houthis Claim Widespread Strikes At Airport, Aramco Refinery
The brief
- Houthi spokesman Yahya Saree claimed attacks used drones, ballistic missiles and cruise missiles
- Aramco CEO says less than 10% of world oil inventory is available
- Saudi Aramco maps new routes as oil flows face Strait of Hormuz risks
- Aramco chief says rebuilding depleted global oil stocks could take two years
- Saudi Aramco cuts November oil price to Asia to a six-year low
- Brent climbs to $103 after Houthi attacks on Saudi energy facilities