Bombing Raises Oil Price

Saudi bombs Yemen raises oil price to almost $60/bbl. Is war the solution to oil price stability?

It is perceived that the Shiite Houthis have received some support from Iran, Saudi Arabia's long-time rival for Middle Eastern dominance. All the GCC countries except one, have expressed military support to Yemen. Is this a way to protect their interest? Yemen coastline plays a critical role in GCC oil exports to Europe.