Oil Prices Rise After Houthi Attacks on Saudi Aramco Facilities

Oil prices surged on Monday, October 5, 2026, following a series of attacks by Yemen’s Houthis on key Saudi Aramco facilities. The Iran-backed group targeted sites in Riyadh and the Khurais area with ballistic missiles and drones, sparking worries about potential disruptions to oil production in the region.

The threat of supply interruptions pushed Brent crude futures up by US$0.81, or 0.8 percent, reaching US$103.06 per barrel by 10:02 pm GMT. Similarly, US West Texas Intermediate crude rose US$0.46, or 0.5 percent, to US$91.57 per barrel.

The attacks heightened concerns over the stability of oil exports from Saudi Arabia, the largest oil exporter in the region. Market reactions reflected fears that production could be impacted, driving prices higher.