Saudi Arabia Attacks Raise Crude Oil Concerns as Prices Cross $106

Rising Houthi attacks in Saudi Arabia have increased concerns in the global crude oil market. On October 10, 2026, a deadly attack was reported at King Khalid International Airport in Riyadh. Reports available by October 13 indicated that several people, including an Indian national, had been killed, while more than 300 people were injured. The attacks have raised concerns about regional security and energy supplies.

The conflict has influenced crude oil market sentiment. On October 12, Brent crude settled at $106.65 per barrel, rising around 1.8% from the previous session. However, on October 13, prices declined to approximately $105.35 per barrel as expectations of additional diesel supplies from Russia offered some relief to the market.

For India, rising crude oil prices could increase fuel costs, transportation expenses and inflationary pressure. If attacks escalate and disrupt oil supplies or shipping routes, crude prices could rise again. However, the actual impact will depend on the extent of supply disruptions and developments in the Middle East.

Investors and businesses will closely monitor geopolitical developments and crude oil movements, as sustained price increases could affect India's economy, markets and consumers.