Oil prices have surged to a six-week high following a series of attacks on Saudi Aramco facilities, particularly in Jizan, attributed to Houthi rebels and escalating tensions involving Iran. Reports have confirmed that the Jizan refinery and other oil infrastructure were hit multiple times, leading to significant damage. As a result, both Brent and WTI oil prices have risen, with WTI surpassing $90 per barrel. The situation is further compounded by warnings from the Panama Canal regarding potential transit cuts, posing additional challenges for global shipping.