The price of oil rose on Thursday as Saudi jets bombed Houthi rebels in the Yemeni capital, raising fears that the civil conflict in the Gulf state could escalate into a regional war.
Saudi Arabia, backed by a 10-country Sunni coalition, launched the air strikes early on Thursday against targets in Houthi-controlled Sana’a, including the airport and a military air base.
The Houthis responded by firing rockets across the northern border into Saudi territory.
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