Oil Prices Jump 3% on Houthi Attacks and Oil Spill

au.investing.com —

Oil prices surged $3 per barrel on Friday, October 23, 2026, reaching their highest settlement since April, driven by Houthi attacks and an oil spill. The price jump reflects escalating geopolitical tensions in the Middle East, with Houthi assaults disrupting supply routes and an environmental incident adding to market concerns. The rally comes amid broader market volatility, including a tech stock rout and rising inflation fears, while investors weigh the risk of prolonged conflict involving Iran.


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