Oil prices rose on Monday, October 12, 2026, after the Iran-backed Houthis launched attacks on two airports in Saudi Arabia over the weekend. Brent crude, the international benchmark, closed at nearly $106 per barrel as of late Monday afternoon, an increase of approximately $1.20 from the closing price on Friday. The price of Brent crude reached a peak of $107.33 earlier in the trading session.
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Oil Prices Increase Following Houthi Attacks on Saudi Airports
On October 12, 2026, oil prices increased following attacks by the Iran-backed Houthis on two airports in Saudi Arabia. Brent crude closed at nearly $106 per barrel, up about $1.20 from the previous Friday's closing price.
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Oil prices spike after Houthi attacks on Saudi airports
Oil Prices Increase Following Houthi Attacks on Saudi Airports