Saudi Arabia confirmed the deaths of two pilots following an AH-6i helicopter crash near the Yemen border, which the coalition attributed to a technical fault while Houthi forces claimed a shoot-down. These fatalities mark the first reported Saudi military losses since the conflict's resumption and coincided with Houthi attacks on Saudi energy sites and airports. Consequently, most Gulf stock markets declined, and WTI crude prices sustained a risk premium, eyeing a breakout level at $99.72 per barrel.
Regional equity markets declined following Houthi claims of responsibility for strikes against critical Saudi Arabian energy infrastructure and aviation hubs.
Read the full storyAttacks on Saudi energy infrastructure have bolstered crude risk premiums, with WTI testing key resistance levels while natural gas prices face downward pressure.
Saudi Arabia confirmed two pilot fatalities after an AH-6i helicopter crashed near Najran, marking the first reported military deaths since hostilities resumed last month.