Business · Energy & Commodities · 1 hr ago
Brent oil rises to just below $105 after attacks near Riyadh and Hormuz
Brent crude, a widely watched oil price, rose to just below $105.
The move followed Houthi attacks on Riyadh and a new wave of attacks on oil tankers in the Strait of Hormuz.
The strait is a key route for oil tankers, so attacks there can affect concern about supply.
Goldman Sachs raised its oil price forecasts.
But major banks and the US Energy Information Administration remained divided in their outlooks.
Changes in oil prices can affect fuel costs, household energy bills and interest rates.
The available information does not say what the forecasters expect next or how prices will develop.
Brent crude rose to just below $105 after attacks by the Houthis on Riyadh and a new wave of raids on oil tankers at Hormuz.
Goldman Sachs raised its oil price forecasts.
Major banks remain divided over the outlook, according to Money.it.
The article says the forecasts could have consequences for fuel, household bills and interest rates.
- Who
- The Houthis are named as attackers in Riyadh; the article also refers to raids on oil tankers.
- What
- Brent rose to just below $105 after attacks near Riyadh and a new wave of raids on tankers at Hormuz.
- When
- The article was published on October 12, 2026.
- Where
- Riyadh and Hormuz.
- Why
- The article links the rise in Brent to the attacks and tanker raids.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Brent price
- Just below $105
- Riyadh attacks
- Attributed to the Houthis
- Tanker raids
- A new wave at Hormuz
- Forecasts
- Goldman Sachs raised its estimates
- Published
- October 12, 2026
Sources
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