Brent crude oil prices surge above $107 per barrel after Houthi attack on Saudi military site

Brent crude oil blew past $107 per barrel after Houthi forces struck a Saudi military site, sending energy markets into a fresh round of anxiety over supply disruptions in one of the world’s most important oil corridors. US benchmark West Texas Intermediate climbed above $95 in tandem, marking yet another escalation in a pricing trend that has been building for months. What happened and why it matters Houthi forces claimed responsibility for the strike on a Saudi military site, framing it as retaliation for ongoing Saudi military actions in Yemen. Saudi officials reported multiple casualties and fires resulting from drone and missile strikes on energy sites, with dozens of injuries and significant damage to facilities. Back in July 2026, Brent crude crossed the $100 mark for the first time since May after Houthi strikes hit Saudi tankers operating in the Red Sea. A subsequent naval blockade only intensified supply fears. The September attack pushed prices even further, with Brent reaching approximately $107.6 per barrel around September 11. The Bab el-Mandeb Strait and Red Sea route handle roughly 5% to 15% of global maritime trade, including a substantial share of global oil flows...