WORLD · The Wall Street Journal

Oil Prices Rise as Middle East, Ukraine-Russia Conflict Fuel Supply Worries

Published: 2026-10-30T20:19:00.000Z · 3-Minute Executive Summary

The Wall Street Journal reports that oil prices rose with the market on edge about possible military escalation in the Middle East, while an attack on a tanker in the Strait of Hormuz, Houthi claims of more attacks on Saudi refineries and a Ukrainian strike on a Russian refinery fed supply concerns.