Oil prices settled more than $1 a barrel higher on Monday as Russia accused Ukraine of attacking President Vladimir Putin's residence, while traders braced for potential supply disruptions in the Middle East due to rising tensions in Yemen.

Yemen's Southern Transitional Council claims control of government-held territory, positioning itself as America's key partner against Iran-backed Houthis.

Saudi Arabia has bombed Yemen’s port city of Mukalla, targeting a shipment of weapons from the United Arab Emirates for separatist forces. This move threatens to bring new risks to

West Texas Intermediate crude oil prices were up 2.5% in Monday trading as tensions flared in Yemen and hopes for a peace deal on the Russia-Ukraine front dissipated following unsuccessful talks between Kyiv and Washington.

DUBAI, United Arab Emirates (AP) — An attack by Yemen's Houthi rebels targeted a Panama-flagged oil tanker in the Red Sea on Monday, authorities said, as a nearby Saudi-flagged tanker ship also allegedly came under fire from the group. The attacks are ...

U.S. airstrikes targeting an oil port held by Yemen’s Houthi rebels killed 74 people and wounded 171 others, the group said Friday, in the deadliest known attack under President Donald Trump’s new military campaign against the Iranian-backed faction.

A U.S. airstrike on an important oil port held by Yemen's Houthi rebels killed more than 70 people and wounded many others, marking a major escalation in the military campaign President Donald Trump launched last month against the Iranian-backed group.