Houthi missile attack on Saudi Arabia drives oil prices up 4% to one-week high
On September 25, 2026, Yemen's Houthi forces launched a ballistic missile attack on Saudi Arabia, with the Saudi-led coalition reporting interception of six missiles. Combined with stalled US-Iran nuclear talks, the attack drove international oil prices up about 4%, with Brent crude rising $4.10 to $107.18 per barrel and WTI gaining $3.66 to $95.82. The US simultaneously expanded secondary sanctions on Iranian airlines, prompting Iran to threaten retaliation against cooperating Gulf airports.
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Houthi Missile Attack on Saudi Arabia Drives Oil Prices Up 4% in a Day
Yemen's Houthi forces launched a missile attack on Saudi Arabia, which, combined with stalled US-Iran nuclear talks, caused international oil prices to surge by about 4% on Thursday, reaching a one-week high. Brent crude rose $4.10 to $107.18 per barrel, while US WTI crude gained $3.66 to $95.82. The Saudi-led coalition reported intercepting six ballistic missiles aimed at southern regions and the Red Sea coast. The attack follows two days of cumulative gains of about 8%. Separately, the US has intensified secondary sanctions on Iran Air, leading to flight cancellations to Gulf states, with Iran warning it could render neighboring airports unusable. Saudi Arabia is increasing crude flows via its East-West pipeline to the Red Sea export terminal at Yanbu, though tanker loadings have not yet resumed. The article also notes record-high diesel prices and reports that the US is considering a ban on diesel exports, a move the EU warns could negatively impact both economies. The Brent-WTI spread has widened to its highest since May, which typically favors US exports, but actual US crude exports have fallen sharply from a peak of 640,000 barrels per week in April to 330,000 in mid-September due to rising charter costs.
Read sourceHouthi Missile Attack on Saudi Arabia Drives Oil Prices Up 4% in Single Day
On September 25, 2026, international oil prices surged approximately 4% following a missile attack by Yemen's Houthi group on Saudi Arabia, combined with stalled US-Iran diplomatic negotiations. Brent crude rose $4.10 to $107.18 per barrel, while US WTI crude increased $3.66 to $95.82. The Saudi-led coalition reported intercepting six ballistic missiles aimed at southern regions and the Red Sea coast. The attack added to a cumulative 8% gain over the prior two trading days. Separately, the US expanded secondary sanctions on Iran's airline industry, causing flight cancellations to Gulf states, with Iran warning it would render airports in cooperating countries unusable. Saudi Arabia is increasing crude flows via its East-West pipeline to the Red Sea export hub at Yanbu, though tanker loadings have not resumed. Diesel prices hit record highs, and the US is reportedly considering a ban on diesel exports, drawing EU concern over potential negative economic impacts. The Brent-WTI spread widened to its highest since May, typically favoring US crude exports, but actual export volumes have fallen from 640,000 barrels per week in April to 330,000 in mid-September due to rising charter costs.
Houthi Missile Attack on Saudi Arabia Drives International Oil Prices Up 4% in a Day
On September 25, 2026, international oil prices surged approximately 4% to a one-week high, driven by a Houthi missile attack on Saudi Arabia and stalled US-Iran diplomatic negotiations. Brent crude rose $4.10 to $107.18 per barrel, while WTI increased $3.66 to $95.82 per barrel. The Saudi-led coalition reported intercepting six ballistic missiles aimed at southern regions and the Red Sea coast. The price jump followed two consecutive days of cumulative gains of about 8%. Separately, the US expanded secondary sanctions on Iranian airlines, leading to flight cancellations to Gulf states, with Iran warning it would render airports in cooperating countries unusable. Saudi Arabia is increasing crude flows via its East-West pipeline to the Yanbu export hub, though tanker loadings have not resumed. Record-high diesel prices have prompted US consideration of a diesel export ban, which the EU warned could negatively impact both economies. The Brent-WTI spread widened to its highest since May, typically favoring US exports, but US crude exports have fallen from a weekly peak of 640,000 barrels in April to 330,000 barrels in mid-September due to rising charter costs.
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Houthi Missile Attack on Saudi Arabia Drives Oil Prices Up 4% in a Single Day
On September 25, 2026, international oil prices surged approximately 4% following a missile attack by Yemen's Houthi forces on Saudi Arabia, combined with stalled US-Iran diplomatic negotiations. Brent crude rose $4.10 to $107.18 per barrel, while WTI crude increased $3.66 to $95.82 per barrel. The Saudi-led coalition reported intercepting six ballistic missiles, preventing damage to southern regions and Red Sea coast. This came after two consecutive trading days of cumulative 8% gains. The US expanded secondary sanctions on Iran's airline, causing flight cancellations to Gulf states, with Iran warning it would render neighboring airports unusable if they comply. Saudi Arabia is increasing crude flows via its East-West pipeline to the Yanbu export hub, though tanker loadings have not resumed. Diesel prices hit record highs, and the US is reportedly considering a ban on diesel exports, which the EU warned could negatively impact both economies. The Brent-WTI spread widened to its highest since May, typically favoring US crude exports, but US export volumes have fallen from 640,000 barrels per week in April to 330,000 in mid-September due to rising charter costs.
Read sourceHouthi Missile Attack on Saudi Arabia Drives Oil Prices Up 4% in a Single Day
On September 25, 2026, international oil prices surged approximately 4% to a one-week high following a missile attack by Yemen's Houthi forces on Saudi Arabia and stalled US-Iran diplomatic talks. Brent crude rose $4.10 to $107.18 per barrel, while US WTI crude gained $3.66 to $95.82. The Saudi-led coalition reported intercepting six ballistic missiles aimed at southern regions and the Red Sea coast. The price jump added to an 8% gain over the prior two trading days. Separately, the US expanded secondary sanctions on Iran's airline, leading to flight cancellations to Gulf states; Iran warned it would render airports in cooperating countries unusable. Saudi Arabia is increasing crude flows via its East-West pipeline to the Yanbu export hub, though tanker loadings have not resumed. US diesel futures rose over 5% intraday amid record-high diesel prices, with the US reportedly considering a ban on diesel exports, a move the EU warned could harm both economies. The Brent-WTI spread widened to its highest since May, typically favoring US exports, but US crude export volumes have fallen from a weekly peak of 6.4 million barrels in April to 3.3 million barrels in mid-September due to rising charter costs.
Houthi Missile Attack on Saudi Arabia Drives Oil Prices Up 4% in Single Day
On September 25, 2026, international oil prices surged approximately 4% to a one-week high following a missile attack by Yemen's Houthi forces on Saudi Arabia, compounded by stalled US-Iran diplomatic negotiations. Brent crude rose $4.10 to $107.18 per barrel, while US WTI crude gained $3.66 to $95.82 per barrel. The Saudi-led coalition reported intercepting six ballistic missiles aimed at southern regions and the Red Sea coast. The price jump added to an 8% cumulative gain over the prior two trading sessions. Separately, the US expanded secondary sanctions on Iran Air, leading to flight cancellations to Gulf states; Iran warned it would render airports in cooperating countries unusable. Saudi Arabia increased crude flows via its East-West pipeline to the Yanbu export hub, though tanker loadings have not resumed. US diesel futures briefly rose over 5% amid record-high diesel prices and a reported US consideration of a diesel export ban, which the EU warned could harm both economies. The Brent-WTI spread widened to its highest since May, typically favoring US exports, but US crude export volumes have fallen from 640,000 barrels per week in April to 330,000 in mid-September due to rising charter costs.