Oil rises as U.S. orders diplomats to leave Saudi Arabia amid escalating tensions
Oil prices rose following Houthi attacks on Saudi Arabian infrastructure, which prompted the U.S. to order the evacuation of some diplomatic staff. The strikes targeted civilian and energy facilities, heightening regional security concerns.
Why it matters
Escalating tensions in the Middle East directly impact global energy markets and supply chain stability, posing risks to international economic security.
Oil rises as U.S. orders diplomats to leave Saudi Arabia amid escalating tensions left Representational image Getty Images/iStockphoto Getty Images/iStockphoto https://th-i.thgim.com/public/news/national/offrxt/article71609899.ece/alternates/FREE_1200/iStock-1296713112.jpg Bet_Noire Oil barrels on stack of golden coins. Growth rise of oil stock prices. 3d illustration Brent crude futures rose $1.29, or 1.2%, to $110.11 a barrel at 00:34 GMT, while U.S. West Texas Intermediate crude gained 97 cents, or 1%, to $98.12 Oil prices rose on Thursday (October 22, 2026) as more attacks by the Houthis in Saudi Arabia prompted the United States to order some diplomats and family members to leave its missions in the Kingdom.
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