Oil Climbs as Mideast Conflict, Tanker Attacks Persist
Brent rose 0.7% to $105.45 as renewed strikes on Saudi Arabia and a tanker attack near the Strait of Hormuz heightened supply concerns.
8 Articles
8 Articles
Oil climbs as Mideast conflict, tanker attacks persist
By Florence Tan SINGAPORE, Oct 12 (Reuters) - Oil prices extended gains on Monday as the Middle East conflict escalated after Yemen's Iran-backed Houthis stepped up strikes on Saudi Arabia while two tankers were attacked over the weekend, raising conc...
Oil prices surged above $105 a barrel due to escalating Middle East conflict and attacks on Saudi Arabian airports, raising concerns about global oil supply. The attack on the Saudi Arabian airport killed 12 people and injured 309. World oil prices rose amid fears of supply disruptions. The US released 4 million barrels of oil from its reserves to offset supply disruptions caused by Hurricane Isaias.
The price of Brent's oil exceeded $105.6 per barrel, against the backdrop of a worsening crisis between the northern Yemeni-led Ansar Allah movement and ... 12.10.2026, PRIM
Illustrative image Photo: PexelsPetroleum rises with houthis attacks in Saudi Arabia and risk of escalation in the Middle East
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
