{
  "id": 16251731,
  "title": "Oil prices jump US$3 on Houthi attacks, oil spill, highest settlement since April",
  "url": "https://urgent.news/2026/10/23/oil-prices-jump-us-3-on-houthi-attacks-oil-spill-highest-settlement",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T23:58:09.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-jump-us3-houthi-attacks-oil-spill-highest-settlement-april"
  },
  "original_language": "en",
  "account": "Oil prices surged more than US$3 per barrel on Friday (Oct 24) as Houthi attacks in Saudi Arabia sparked worries about possible disruptions to Middle Eastern energy supplies. Brent crude futures rose to US$116.72 per barrel, marking their highest level in nearly six months, while US West Texas Intermediate crude closed at US$103.27 per barrel, up US$3.80 or 3.8 percent. Experts attributed the price increase to fears of supply shortages following the Iranian-backed Houthis' strikes on Saudi energy infrastructure. An oil spill was discovered off the UAE coast of Umm Al Quwain, though its origin remains unidentified. The Houthi-Yemeni conflict intensified, with Saudi Aramco evacuating its Dhahran headquarters. While the US could potentially end hostilities with Iran swiftly, some argue the conflict should gradually wind down.",
  "summary": "Both oil benchmarks ended 2.3% higher for the week",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}