Oil prices rose on Thursday, October 22, after renewed attacks in Saudi Arabia led the United States to order some diplomats and their family members to leave the country. Brent crude gained about 1.2% to US$110.11 a barrel and WTI rose 1% to US$98.12. Reuters counted at least 18 attacks on shipping in the past two weeks, with fears they could spread into the Gulf of Oman and disrupt crude loading. For Thailand, higher energy costs could raise transport, manufacturing and tourism expenses while businesses are still recovering from flooding and the government has approved a THB10.5 billion relief package. The article stresses that the duration of the price shock matters more than any single day’s move, and sustained prices above US$110 would make it harder to support growth and contain inflation.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Oil Prices Surge on Saudi Attacks , Raising Risks for Thailand Recovery
Read the original on thailand-business-news.com ↗
Keywords
oil pricesgeopoliticsSaudi Arabiainflation
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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