Oil rises $3 as Saudi attacks and Hormuz shipping threats hit supply

thestar.com.my — November 13, 2026 at 02:01 AM UTC

Oil prices rose $3 a barrel on Thursday after attacks on Saudi energy infrastructure and shipping disruptions through the Strait of Hormuz threatened global oil flows. Brent settled at $95.82, while US West Texas Intermediate closed at $88.74. Yemen's Houthis claimed attacks on Saudi pipeline and oil facilities, and Iran's military reported explosions hit four tankers in the Strait of Hormuz. Ukraine also struck a Russian port, adding to supply concerns, though both benchmarks remained down about 2.5% for the week. US President Donald Trump said Washington did not need a deal with Iran, while Opec+ data showed higher October crude production. US crude inventories rose last week, and peace talks between Russia and Ukraine began in the Kremlin.

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