Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz
- Oil prices jumped more than $3 a barrel at the open after fresh strikes on Saudi Arabia and attacks on ships in the Gulf, stirring concerns about fuel and market volatility.
- Houthi strikes reportedly damaged homes and a mosque in Saudi Arabia and hit a military base; a vessel in the Strait of Hormuz was struck, forcing an evacuation and causing casualties on an Iranian ship.
- A planned Oman meeting between Gulf countries and Iran to discuss Strait of Hormuz security was postponed, leaving regional tensions and diplomacy in limbo.