Oil Prices Jump $3 on Houthi Attacks, Spill as Mideast Tensions Rise

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 Middle East tensions, with the U.S. preparing for a prolonged conflict with Iran, according to a Trump envoy's comments to the Financial Times. Rising oil prices fueled inflation concerns, overshadowing geopolitical war risk and contributing to a rocky week for Wall Street, with tech stocks selling off and Bitcoin flat around $82,000.


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