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Wednesday, October 28, 2026Updated 14:29 UTC

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Oil Prices Climb as Houthi Attacks Reignite Saudi Supply Fears

Source: OilPrice.com · Oct 28, 2026 03:53 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Oil prices climbed in early Asian trade on Wednesday as renewed Houthi attacks on Saudi Arabia reignited supply fears in the region. Falling inventories and reports that the U.S. is preparing for a new military campaign against Iran after the midterm elections added to the upward momentum. At the time of writing, Brent oil futures were trading at $115.70 per barrel, up 1.62% on the session, while

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