Oil prices hit five-month high as more Houthi attacks prompt supply and inflation fears
The National · 20 Oct 2026

Oil prices hit five-month high as more Houthi attacks prompt supply and inflation fears

Oil prices hit a five-month high on Tuesday after Yemen's ​Iran-backed Houthis continued their attacks on Saudi Arabia, further stoking supply fears and higher inflation that could prompt interest rate hikes. Brent, the benchmark for two thirds of the world's oil, was trading up 1.52 per cent at $11


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