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WORLD · The Wall Street Journal

Oil Prices Rise as Houthi Militants Target Saudi Energy

Published: 2026-10-28T07:51:00.000Z · 3-Minute Executive Summary

The Wall Street Journal reports that oil prices are climbing following an attack by Houthi militants on Saudi energy infrastructure. On Tuesday, the Houthis stated they used a ballistic missile to hit the Ras Tanura oil refinery situated in Saudi Arabia's Eastern Province.

Why It Matters: The strike on Saudi energy facilities has pushed oil prices higher.