{
  "id": 6272188,
  "title": "Oil hits multi-week highs after Houthi attacks on Saudi energy facilities",
  "url": "https://urgent.news/2026/09/08/oil-hits-multi-week-highs-after-houthi-attacks-on-saudi-energy-6272188",
  "topic": "world",
  "section": "World",
  "published": "2026-09-08T10:48:48.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1528435/oil-hits-multi-week-highs-after-houthi-attacks-saudi-energy"
  },
  "original_language": "en",
  "account": "Oil prices surged to multi-week highs on Tuesday following attacks by Iran-backed Houthis on Saudi energy facilities and Iran's threat of economic warfare against the United States. Brent crude futures rose 1.43% to $98.39 a barrel, while US West Texas Intermediate crude increased 2.46% to $93.73 a barrel. Brent had previously reached $99.46, its highest level since July 24, and WTI hit $94.73, its highest since June 8. The price surge is attributed to both genuine physical tightness, with tanker flows through the Strait of Hormuz remaining far below normal, and a significant geopolitical risk premium. Analyst Tim Waterer from KCM Trade stated that the risk premium is currently driving the market. Saudi Arabia, the world's top oil exporter, halted operations at some energy facilities after the attacks, which resulted in 73 injuries. Iran also threatened the US with economic warfare and reportedly fired an advanced missile at US warships. In response, the US struck three Iranian oil tankers, including one near Kharg Island, Iran's primary oil export hub. The Strait of Hormuz, which handles about one-fifth of global daily oil and liquefied natural gas supplies, experienced slower shipping traffic after Iran threatened retaliation for any new US attacks. Goldman Sachs raised its forecasts for Brent and WTI prices for December 2026 and 2027, respectively, due to its belief that Middle East shipping disruptions will persist into 2027. Tight global diesel supply, due to a lack of spare refining capacity, Russia's ban on exports, and the approach of peak winter demand, is expected to keep refined-product markets tighter than the crude market.",
  "summary": "BENGALURU: Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with \"economic warfare\".",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Oil hits multi-week highs after Houthi attacks on Saudi energy facilities",
        "url": "https://urgent.news/2026/09/08/oil-hits-multi-week-highs-after-houthi-attacks-on-saudi-energy",
        "published": "2026-09-08T00:50:52.000Z"
      },
      {
        "outlet": "Guardian Business",
        "title": "Oil price approaches $100 a barrel after attacks on Saudi oil facilities – business live",
        "url": "https://urgent.news/2026/09/08/oil-price-approaches-100-a-barrel-after-attacks-on-saudi-oil",
        "published": "2026-09-08T06:43:20.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "Saudi vows response as Houthis hit oil sites in worst attack in years",
        "url": "https://urgent.news/2026/09/08/saudi-vows-response-as-houthis-hit-oil-sites-in-worst-attack-in-years-6277491",
        "published": "2026-09-08T07:30:26.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "Houthis claim drone, ballistic missile strikes on Aramco facilities in Saudi Arabia, 73 injured",
        "url": "https://urgent.news/2026/09/08/houthis-claim-drone-ballistic-missile-strikes-on-aramco-facilities-in",
        "published": "2026-09-08T08:35:11.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Houthis attack Saudi energy facilities, wounding dozens and sending oil prices higher",
        "url": "https://urgent.news/2026/09/08/houthis-attack-saudi-energy-facilities-wounding-dozens-and-sending",
        "published": "2026-09-08T09:19:22.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Saudi political analyst says ‘No prolonged war with the Houthis’",
        "url": "https://urgent.news/2026/09/08/saudi-political-analyst-says-no-prolonged-war-with-the-houthis",
        "published": "2026-09-08T11:01:21.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Saudi vows response as Houthis hit oil sites in worst attack in years",
        "url": "https://urgent.news/2026/09/08/saudi-vows-response-as-houthis-hit-oil-sites-in-worst-attack-in-years",
        "published": "2026-09-08T11:38:52.000Z"
      },
      {
        "outlet": "RTE News",
        "title": "Iran-backed Houthis attack Saudi cities, over 70 injured",
        "url": "https://urgent.news/2026/09/08/iran-backed-houthis-attack-saudi-cities-over-70-injured",
        "published": "2026-09-08T12:11:03.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Oil prices near $100 a barrel as Houthis launch new attacks on Saudi energy points",
        "url": "https://urgent.news/2026/09/08/oil-prices-near-100-a-barrel-as-houthis-launch-new-attacks-on-saudi",
        "published": "2026-09-08T14:53:41.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Saudi Arabia strikes back after Houthis hit oil sites in heaviest attack in years",
        "url": "https://urgent.news/2026/09/08/saudi-arabia-strikes-back-after-houthis-hit-oil-sites-in-heaviest",
        "published": "2026-09-08T15:02:30.000Z"
      }
    ]
  },
  "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."
}