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Politics

Oil prices spike after Houthi attacks on Saudi airports

The Hill · October 12, 2026 at 5:30 PM

Oil prices spike after Houthi attacks on Saudi airports

Oil prices rose on Monday, 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 Monay afternoon, up roughly $1.20 from closing time on Friday.

The price of Brent crude peaked at $107.33 earlier in the...

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