{"id":638711,"date":"2026-10-07T03:56:20","date_gmt":"2026-10-07T03:56:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/638711\/"},"modified":"2026-10-07T03:56:20","modified_gmt":"2026-10-07T03:56:20","slug":"oil-rises-as-concerns-over-attacks-on-saudi-arabia-eclipse-supply-recovery","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/638711\/","title":{"rendered":"Oil rises as concerns over attacks on Saudi Arabia eclipse supply recovery"},"content":{"rendered":"

Numerous merchant ships belonging to Iran and other countries remain at anchor in the Strait of Hormuz in Bandar Abbas, Iran, on Sept. 8, 2026. <\/p>\n

Fatemeh Bahrami | Anadolu | Getty Images<\/p>\n

Oil rose Wednesday as attacks by Yemen’s Iran-backed Houthis on Saudi Arabia raise concerns over crude flows from the Middle East even as supplies have been recovering. <\/p>\n

Futures for international benchmark Brent crude<\/a> for December delivery gained 1.17% at $101.76 a barrel. U.S.\u00a0West Texas Intermediate\u00a0futures<\/a>\u00a0for November advanced 1.26% at $90.57 per barrel.<\/p>\n

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Brent <\/p>\n

Oil pumped through the East-West Pipeline had reached 5.8 million barrels as of Tuesday morning, according to Saudi Energy Minister Prince Abdulaziz bin Salman. <\/p>\n

However, concerns that there may be further supply disruptions in the Middle East weigh on sentiment. The Saudi aviation authority reportedly said Tuesday that the country’s airports in Jazan and Najran were targeted<\/a> in two attacks, amid growing hostilities between Yemen’s Iran-backed Houthis and the kingdom. <\/p>\n

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wti<\/p>\n

Naeem Aslam, chief investment officer of Zaye Capital Markets, said Tuesday that oil remains caught between improving physical supply and persistent geopolitical risk.” <\/p>\n

“The sustained ability of the Houthis in Yemen to target oil facilities hundreds of kilometers from the border keeps the risks of a renewed large-scale crude supply disruption present and high, and these risks could worsen if the Houthis feel the need to apply more pressure as a result of losing more territory,” said Samer Hasn, senior market analyst at forex trading platform XS.com. <\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Numerous merchant ships belonging to Iran and other countries remain at anchor in the Strait of Hormuz in…\n","protected":false},"author":2,"featured_media":638712,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[199379,238343,11419,357,36206,42,30937,87,43,16755,78,40,38,41,39,30938,2893],"class_list":["post-638711","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-lco26v","tag-lco26z","tag-breaking-news-major","tag-business-news","tag-government-and-politics","tag-headlines","tag-ice-brent-crude-oct25","tag-iran","tag-news","tag-oil-and-gas","tag-saudi-arabia","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-wti-crude-sep25","tag-yemen"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/638711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=638711"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/638711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/638712"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=638711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=638711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=638711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}