Houthi Attacks on Saudi Oil Sites Drive Oil Prices Above $115, Spark Regional Tensions

On October 30, 2026, the Houthi group launched attacks on Saudi oil sites in the Gulf Region, prompting immediate concerns over supply disruptions. These attacks coincided with a surge in crude oil prices, which crossed $115 per barrel, as reported by the Times of India. Brent crude also surpassed $115 per barrel, reflecting heightened market uncertainty. The Times of India noted that diplomatic negotiations between Washington and Tehran remained unyielding, further contributing to the volatility. Meanwhile, Reuters reported the price rise due to supply concerns but omitted specific price figures. Iran also reported maritime incidents in the Gulf region, adding to the security concerns. The Times of India provided specific figures and context about the price increase and diplomatic efforts, while Reuters focused on the general context of the attacks and supply concerns without detailing the price levels.