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Oil Edges Up to $100.58 as Yemen Fighting Stirs Supply Fears

Al Jazeera2 min read6 sources

Why did oil prices rise on Tuesday?

Brent crude oil (BZ=F) rose 0.3% to $100.58 on Tuesday after Saudi-backed forces said they retook Dhubab near the Bab el-Mandeb Strait and the Houthis claimed strikes on Saudi oil sites.

Key numbers

Brent crude settle (Tue)$100.58+$0.26
Brent crude settle (Mon)$100.32-1.9%
Saudi coalition jets backing the offensive100
Killed since fighting resumed (WHO)9594,200+ wounded
Emergency oil release by G7100M barrels
World sea trade via Bab el-Mandeb~12%

What happened

Brent crude oil (BZ=F) rose 0.3% to $100.58 on Tuesday after Saudi-backed forces said they retook Dhubab near the Bab el-Mandeb Strait and the Houthis claimed strikes on Saudi oil sites. Yemen's government forces say they took Dhubab and nearby areas back from the Houthis, helped by about 100 Saudi coalition jets. The Houthis deny losing ground. They say they hit Riyadh's airport, the Khurais oil field and the Rabigh refinery, while Saudi officials confirmed only three minor injuries at airports.

Why it matters

Oil prices touch everyday budgets, and Brent crude, the world's main oil price, is sitting near $100 a barrel while fighting threatens a key shipping route. The Bab el-Mandeb Strait carries about 12% of the world's sea trade, and Khurais is a pumping station on Saudi Arabia's pipeline to the Red Sea. Rising Gulf exports and a G7 plan to release 100 million barrels of emergency oil have so far kept prices from jumping.

Who this affects

Marketmixed
Medium impact
Oil traders face supply fears offset by rising exports.
Companybearish
Medium impact
Saudi Aramco faces pipeline and refinery risk from Houthi attacks.
Competitorsneutral
Low impact
Other Gulf exporters gain if Saudi routes stay disrupted.
Industrybearish
High impact
Shippers and refiners face higher risk around the Red Sea.

Brent crude vs WTI crude

Brent crudeBZ=F$100.58+0.3%$100.32
WTI crudeCL=F$89.44+0.0%$89.43

As of 2026-10-06

How we got here

  1. Houthis claim strike on Aramco sites near Khurais; East-West pipeline pumping reported halted.

  2. Yemeni government forces say they retook Dhubab; Houthis claim strikes on Riyadh airport and Rabigh refinery.

  3. Houthis deny losing ground; Brent settles at $100.58 as Gulf exports rise.

What to watch

  • Whether Dhubab control is confirmed, since the Houthis say they still hold their gains.2026-10-09
  • Whether oil keeps flowing through Saudi Arabia's East-West pipeline after the Khurais attack; reports conflict.2026-10-09
  • Details of the G7's 100 million barrel emergency oil release.Q4 2026

Educational content only. Not investment advice.

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