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Houthi missile attack on Saudi Arabia sends oil prices up 4% in a single day
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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.
Source report
Date: September 25, 2026 00:36:48 | Source: CFi.CN
CFi.CN — International oil prices jumped approximately 4% on Thursday, hitting a one-week high, following a missile attack by Yemen's Houthi forces on Saudi Arabia and a lack of progress in U.S.-Iran diplomatic talks.
- Brent crude rose $4.10 to settle at $107.18 per barrel, a gain of 4%.
- U.S. West Texas Intermediate (WTI) crude increased $3.66 to $95.82 per barrel, also a 4% rise.
The Saudi-led coalition reported successfully intercepting six ballistic missiles, preventing strikes on southern regions and the Red Sea coast. The gains follow a cumulative increase of approximately 8% over the previous two trading sessions.
Escalating Sanctions and Regional Tensions
The United States has intensified secondary sanctions on Iranian airlines, leading to the cancellation of flights from Iran to Gulf states. In response, Iran has warned that if neighboring countries comply with the U.S. ban, their airports could become unusable.
Saudi Oil Flow Adjustments
Saudi Arabia is increasing crude oil flows through its East-West pipeline to the export hub of Yanbu on the Red Sea. However, tanker loading operations have not yet resumed.
Diesel Market Pressures
Diesel prices have reached record highs, with reports that the U.S. is considering a ban on diesel exports. The European Union has expressed concern, warning of potential negative economic impacts on both sides. U.S. diesel futures surged more than 5% during Thursday's trading session.
Widening Brent-WTI Spread
The premium of Brent crude over WTI has risen to its highest level since May. While this typically favors U.S. crude exports, a sharp increase in chartering costs has reduced U.S. crude export volumes from a weekly peak of 6.4 million barrels in April to 3.3 million barrels by mid-September.
Source
中财网-行业新闻Neutral / independent
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Houthi Missile Attack on Saudi Arabia Drives Oil Prices Up 4% to One-Week High