Egypt has signalled its readiness to provide military support to Saudi Arabia to defend the kingdom against escalating Houthi attacks, as the UAE and Saudi Arabia stepped up high-level consultations on regional security amid growing fears of a wider Middle East conflict.
Brent touched $110 a barrel for the first time since May on Friday on worries that escalating tensions in the Middle East could further tighten supplies, while investors assessed how much diesel Russia could supply to the global market, said a report. At least nine commercial ships have come under attack near Hormuz over this week.
At least 12 people were killed and 309 others injured in an attack targeting King Khalid International Airport in Riyadh on Saturday, October 10, prompting the temporary suspension of airport operations as Saudi authorities assess the damage and verify the safety of the facility.
US President Donald Trump on Wednesday urged Iran to return to negotiations over its nuclear programme, warning that any next US military response will be far more destructive than the previous ones.
