Business
Oil prices rise as Houthi attacks on Saudi Aramco deepen supply fears
October 5, 2026 at 02:34 AM
Brent crude climbed to $103 a barrel Monday after Houthi attacks on Saudi Aramco facilities, as the G7 approved reserve releases and China suspended fuel exports.
- Iran-aligned Houthis announced missile and drone strikes targeting Saudi Aramco facilities in Riyadh and the Khurais region.
- Brent rose 0.79% to $103.06 a barrel and WTI gained 0.50% to $91.57 in early Monday trading.
- The G7 agreed to release 100 million barrels of diesel, oil, and emergency stocks via the International Energy Agency over four months.
- China suspended petroleum product exports during October, excluding Hong Kong and Macau, tightening fuel supply in Asia.