Oil prices traded higher on Monday, recouping early losses in the wake of fresh attacks on Saudi Arabia’s aviation infrastructure by Iran-backed Houthi militants and a drone strike on a tanker near the Sohar anchorage off Oman.
After the deadly airport strike, U.S. President Trump said he is considering joining Saudi Arabia in its retaliation against Houthis in Yemen.
Brent crude futures were up 0.8 percent at $105.59 a barrel after falling early in the session on hopes of Russia-Ukraine energy ceasefire. WTI crude futures rose 0.9 percent to $92.69 a barrel.
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Oil Prices Rise In Choppy Trade
2026-10-12 09:28:28
