Europe’s oil crisis worsens amid Yemen’s Saudi strikes

In the aftermath of Yemen’s blistering retaliatory strike on Saudi Arabia’s Aramco oil facilities, crude oil prices shot up to over $120 a barrel.

Yemen’s military spokesperson revealed that the operation had been carried out in response to continued Saudi-led aggression.

With the threat of future attacks looming, many fear that Saudi Arabia’s seemingly endless war on Yemen could negatively contribute to economic instability in Europe.

As relations between the West and Russia continue to crumble, Riyadh hoped to use Europe’s desperate need to replace Russian oil to its own advantage.

However, Yemen’s ability to hit Saudi oil infrastructure raises serious questions on how reliable Saudi Arabia actually is as an oil producer.