Brent Climbs to About $116 as Fresh Houthi Attacks on Saudi Arabia Revive Supply Fears

Brent crude rose on Wednesday, October 28, 2026 (6 Aban 1405). According to Mehr News Agency, citing energy price benchmarks, Brent traded this morning at $115.5, up $1.65 (1.45 percent); West Texas Intermediate was up $1.49 at $101.4 and the OPEC basket up $2.16 at $117.3. On Sahmino's price tracker, Brent stood at about $116.17 at 11:28 today, 1.69 percent above the previous settlement; that is an intraday reading, not the day's close.

OilPrice.com wrote late on Tuesday, October 27 (5 Aban) that oil climbed in early Asian trading as renewed Houthi attacks on Saudi Arabia revived supply fears in the region. The same outlet reported that the American Petroleum Institute (API) estimated a 2.031 million barrel fall in US crude inventories in the week ended October 23. Oil prices bear directly on Iran's export revenue and petrochemical market.