Houthi Strikes Shut Riyadh Airport, Pushing Oil Higher and Delaying Delta's Saudi Launch

Oil prices rose after Houthi strikes closed Riyadh's airport, adding to Middle East supply worries. Energy shares gained, with the sector ETF up roughly 0.6% in early trading Monday.

Delta Air Lines said it is delaying the launch of its Atlanta-Riyadh service indefinitely. The move comes days after Delta cut its annual profit outlook on higher fuel costs, a reminder of how closely airline results track crude prices.

Energy majors such as Chevron and BP typically benefit from higher crude, while airlines face added cost pressure. Traders will watch whether the disruption affects regional shipping and export flows.