Saudi Aramco shares rose 0.8% on Tuesday. Crude oil prices reached a one-month high amid escalating hostilities between the U.S. and Iran. [22]
The U.S. military conducted strikes against Iran for a third consecutive night. The U.S. also reinstated a blockade on Iranian shipping to intensify pressure. [22]
Yemen's Houthi movement reportedly fired missiles toward Saudi Arabia in response to the strikes. Tanker traffic through the Strait of Hormuz has fallen to its lowest level in two months. [22]