Oil Surges Past $106 as Iran Escalates Hormuz Attacks, Saudi-Houthi Fighting Spreads

Name: Oil Surges Past $106 as Iran Escalates Hormuz Attacks, Saudi-Houthi Fighting Spreads
Uploaded: 2026-10-14T23:59:30.847446+00:00
Description: Brent crude climbed above $106 a barrel on Oct. 14, 2026, as Iran intensified attacks on shipping in the Strait of Hormuz and Saudi Arabia traded strikes with Yemen's Houthis. Iranian officials told Reuters the campaign is designed to keep oil prices elevated and influence U.S. midterm elections.

Brent crude climbed above $106 a barrel on Oct. 14, 2026, as Iran intensified attacks on shipping in the Strait of Hormuz and Saudi Arabia traded strikes with Yemen's Houthis. Iranian officials told Reuters the campaign is designed to keep oil prices elevated and influence U.S. midterm elections.

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