Oil prices jump after Houthi attacks on Saudi Aramco sites
Oil prices climbed on Monday, October 5, 2026, following an attack by Yemen's Iran-backed Houthis on key Saudi Aramco sites. The group launched ballistic missiles and drones at locations in Riyadh and the Khurais area, sparking concerns over potential disruptions to oil production in the region.
Brent crude futures rose by 81 cents, or 0.79 percent, reaching US$103.06 per barrel by 2202 GMT. Meanwhile, US West Texas Intermediate crude gained 46 cents, or 0.50 percent, to US$91.57 per barrel. The price surge reflects fears over supply disruptions from the top oil exporter in the Middle East.
The attack triggered a fire at the Aramco refinery south of Riyadh, as captured in a photo taken with a mobile phone. The incident underscores ongoing tensions in the region and its impact on global energy markets.