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World · October 22, 2026

Oil Prices Rise More Than 2% as Attacks on Saudi Arabia, U.S.-Iran Risks Persist

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Oil prices have surged by over 2% as Brent crude rose above $111 a barrel, driven by escalating Houthi-led attacks on Saudi Arabian infrastructure and rising tensions between the U.S. and Iran. Following a strike on a Saudi airport that killed two people, the Trump administration has ordered the departure of non-emergency government employees and their families from Saudi Arabia. While military action is reportedly being weighed, the State Department clarified that the mandatory departure order currently applies only to personnel within the kingdom and not to other diplomatic outposts in the Gulf.

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Reported across the spectrum

  • Oil prices rose more than 2%.
  • Brent crude climbed above $111 a barrel.
  • The U.S. State Department ordered non-emergency employees and families to leave Saudi Arabia.
  • The Houthis, described as Iran-backed, have attacked Saudi aviation and energy sectors.
  • A recent strike on a Saudi airport resulted in two deaths.

Reported by only some outlets

  • The Trump administration is reportedly weighing direct military action against the Houthis.
  • State Department spokesperson Tommy Pigott specified the departure order is limited to Saudi Arabia.
  • Houthi attacks have led Saudi Arabia to seek additional missile defenses.

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