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Oil prices gain on attacks in Saudi Arabia, Iran's new tactics to target tankers

Summary by The Korea Times
NEW YORK — Oil prices rose on Wednesday after the Houthis attacked Saudi Aramco's headquarters and Iran said it was deploying new tactics to target ships and keep oil prices high. Brent crude futures were up 87 cents, or 0.82 percent, at $106.56 a barrel by 1:25 p.m. ET (1725 GMT). U.S. West Texas Intermediate crude gained $1.46, or 1.55 percent, to $95.60, touching a three-week high. Attacks on ships transiting the Strait of Hormuz and strikes …

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Oil rose this Wednesday, after a Houthis attack on Saudi Aramco and after Iran announced that it is implementing new tactics to attack ships

Oil prices rose on Wednesday after the Houthis attacked Saudi Aramco's headquarters and Iran announced it was implementing new tactics to target ships in the Strait of Hormuz.

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The Korea Times broke the news in Seoul, Korea (the Republic of) on Wednesday, October 14, 2026.
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