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Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia

Oil prices rose on supply-disruption fears as fighting between Saudi Arabia and Iran-backed Houthis escalated after a deadly Houthi attack on Riyadh's main airport. Brent crude for December delivery gained 1.24% to $107.02 a barrel, while WTI for November rose 1.18% to $95.25. According to Al Jazeera, a Saudi-led coalition struck Houthi energy terminals and fuel reserves in Yemen, though a spokesperson said precautions were taken to avoid civilian collateral damage. US–Iran tensions also simmered, with CENTCOM rejecting claims by Iran's IRGC Navy commander that the Strait of Hormuz was under Iranian control and that approaching US warships would be sunk. Hedge fund manager Paul Tudor Jones, who said on CNBC that he is long oil, believes prices could rally another $20-$25.

Summary written by Upside AI from the original article. Read the source for full details.

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Related tickers and likely impact

PLX

▼ Likely negative

Petrolimex

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryIntegrated Oil & Gas
Market cap44,534 bn VND
P/E13.9
P/B1.83
Close on 10/13/202635.90
Change that session-0.83%
PLX price, forecasts and signals →

PVD

▲ Likely positive

PetroVietNam

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryOil Equipment & Services
Market cap16,375 bn VND
P/E14.7
P/B0.95
Close on 10/13/202617.80
Change that session-0.56%
PVD price, forecasts and signals →

USD/CAD

▼ Likely negative

Relevance: low

MarketCurrencies
Close on 10/13/20261.42160
Change that session-0.47%
USD/CAD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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