Houthis

Gulf states called off a planned meeting with Iran as Yemen’s Houthis struck a Saudi airbase, sending oil prices higher amid a widening Middle East war.

Oil rose more than 3 percent after new Houthi strikes on Saudi Arabia and Gulf tanker attacks deepened fears over a shut Saudi pipeline.

The Iran-backed rebels have vowed to target American vessels in response to US and British strikes on their sites in Yemen. The Red Sea, a vital shipping route that connects …

Oil prices fell on Tuesday, reversing earlier gains, as worries about excess supply and sluggish demand growth overshadowed rising security risks in the Middle East after a missile attack by …