Arabic version: ارتفاع النفط بعد ضربات استهدفت منشآت الطاقة السعودية
According to Cnbc, oil prices surged Tuesday after attacks on Saudi energy facilities added to concerns over escalating hostilities between the United States and Iran. Saudi officials said strikes by Iran-aligned Houthi militants based in Yemen wounded more than 70 people and halted operations at certain energy facilities.
Brent crude futures for November delivery rose 2.23% to $99.16 a barrel at 4:20 a.m. E.T. U.S. West Texas Intermediate futures for October gained 3.26% to $94.46 per barrel. Saudi Arabia, the world’s largest oil exporter, said emergency services were working to contain fires and assess damage at the affected sites.
A Houthi military spokesman said the group used drones and ballistic missiles to attack Saudi Aramco facilities in southern areas. The moves followed U.S. military strikes on three Iranian oil tankers on Saturday, carried out in retaliation for Iranian ballistic missile attacks on two Navy warships. Iran’s Foreign Ministry called the tanker attacks a “war crime” and an act of “economic warfare.”
Goldman Sachs raised its December 2026 forecasts by $5, projecting Brent at $85 a barrel and WTI at $80. The bank also forecast $80 Brent and $75 WTI for 2027, expecting Middle East shipping disruptions to continue into that year. It said markets were increasingly pricing a prolonged conflict, while the weekend’s exchanges also pushed gas prices to record highs.
