Commodities

Oil Prices Jump 3% Amid Houthi Attack and US-Iran Talks

Guavy AI Editorial Team Published September 25, 2026

Instruments

Oil

Benchmark oil prices rose by 3% on Thursday as markets digested reports of a new Houthi attack on Saudi Arabian oil assets and talks between the US and Iran to resolve the impasse in the Strait of Hormuz.

The price increase was attributed to concerns over potential disruptions to global oil supplies. The market had been volatile, with prices previously falling by 5% due to a perceived easing of tensions in the region.

The Wire

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