{
  "id": 17167205,
  "title": "Oil prices cross $115 per barrel as Houthi attacks on Saudi Arabia stoke supply fears",
  "url": "https://urgent.news/2026/10/30/oil-prices-cross-115-per-barrel-as-houthi-attacks-on-saudi-arabia",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-10-30T02:46:37.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/international-business/oil-prices-rise-as-houthi-attacks-on-saudi-arabia-stoke-supply-fears-brent-nears-116/articleshow/135340021.cms"
  },
  "original_language": "en",
  "account": "Oil prices surged past $115 per barrel on Friday, exacerbated by attacks on Saudi energy infrastructure and heightened risks to shipping in the Gulf. Brent crude futures rose by 86 cents, or 0.75%, to $115.74 a barrel, while US West Texas Intermediate (WTI) climbed by 72 cents, or 0.71%, to $102.72 per barrel. Both benchmarks were on course for their sharpest monthly gains since July, with Brent poised for a nearly 14% increase in October and WTI for around 15%. The latest escalation followed claims by Yemen’s Iran-aligned Houthi group that they had attacked key Saudi oil installations, including Ras Tanura and Rabigh refineries and an Aramco facility in Abqaiq. A Saudi-led coalition reported intercepting a missile launched towards the kingdom’s western region. Analysts warn that continued attacks and uncertainty over a diplomatic breakthrough are keeping oil prices elevated as they anticipate possible conflict escalation. The Strait of Hormuz, a critical maritime route, remains a source of concern due to potential disruptions that could constrain global oil supplies. Despite efforts to reopen diplomatic channels between the US and Iran, markets remain wary as Iranian leaders insist on their demands, which Washington has deemed unacceptable. Meanwhile, concerns about maritime security are prompting companies like ExxonMobil and Chevron to cancel executive travel to an oil conference in the United Arab Emirates.",
  "summary": "Crude oil prices are increasing as Brent crude surpasses $115 per barrel amid escalating tensions. Attacks by Yemen’s Houthi group on Saudi oil sites raise fears of supply disruptions. Efforts for diplomatic negotiations between Washington and Tehran remain unyielding, contributing to market uncertainty. Meanwhile, Iranian reports of maritime incidents further heighten security concerns in the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Ajel English",
        "title": "Saudi Arabia wins four awards at GCC Digital Government Prize",
        "url": "https://urgent.news/2026/10/29/saudi-arabia-wins-four-awards-at-gcc-digital-government-prize",
        "published": "2026-10-29T01:36:12.000Z"
      },
      {
        "outlet": "Antara News Indonesia",
        "title": "Indonesian fashion products generate US$1.12 million in Saudi Arabia",
        "url": "https://urgent.news/2026/10/29/indonesian-fashion-products-generate-us-1-12-million-in-saudi-arabia",
        "published": "2026-10-29T11:07:05.000Z"
      }
    ]
  },
  "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."
}