Oil climbs as US orders diplomats out of Saudi Arabia amid Houthi attacks
Brent rose 1.2% to $110.11 a barrel after the US ordered some diplomats to leave Saudi Arabia. Source: Reuters.
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what happened
According to Reuters, oil prices rose on Thursday after new Houthi attacks inside Saudi Arabia led Washington to order some diplomats and their family members to leave its missions in the kingdom. Brent futures gained $1.29, or 1.2%, to $110.11 a barrel, while West Texas Intermediate added 97 cents, or 1%, to $98.12.
The agency reported that the State Department also plans to withdraw relatives from several other US missions in the region. On Wednesday the Houthis struck a civilian airport in Dammam and an oil field in Saudi Arabia. Kpler counted at least 18 attacks on shipping over two weeks, and LSEG analysts said Iran was targeting tankers well beyond the Strait of Hormuz.
US crude stocks fell by 3.06 million barrels to 412.5 million last week, far more than the 820,000-barrel draw analysts expected. Distillate inventories, including diesel and heating oil, rose 1.68 million barrels. The Energy Department offered to lend part of the emergency heating oil reserve to contain diesel price increases.
why it matters
Attacks on tankers in the Gulf and the Gulf of Oman threaten crude loadings from the region. Rising distillate stocks alongside falling crude point to tightness in diesel, which makes the market especially sensitive to any new supply disruption.
market impact
Oil: risk of supply disruption from the Persian Gulf — upward pressure on Brent and WTI
tags
instruments
sources
- Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions — Reuters, 22 October 2026 at 00:35 UTC
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