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Middle East mayhem: Oil prices jump US$3 on Houthi attacks, oil spill, highest settlement since April

Brent futures close at highest since April 29, WTI ends week 2.3% higher/ tanker carrying Russian diesel heads to New York, data shows

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中东局势动荡:胡塞武装袭击、石油泄漏以及自4月以来最高和解金额导致油价上涨3美元

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on Friday, October 23, 2026. -- Photo: REUTERS

THE MIDDLE EAST (Reuters): Oil prices settled more than $3 higher on Friday night, their highest in nearly six months after Houthi attacks in Saudi Arabia stoked concerns over further disruption to energy supplies from the Middle East, where UAE authorities also reported an oil spill.

Brent crude futures settled at $116.72 a barrel, up US$3.55 or 3.14%, their highest since April 29. US West Texas Intermediate crude closed at US$103.27 a barrel, up $3.80 or 3.8%.

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