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Oil Climbs Toward $100 a Barrel Following Houthi Attacks

The New York Times • September 8, 2026 • world

Key Points:

Oil prices surged toward $100 a barrel following attacks by Iran-backed Houthi militants on Saudi Arabia, injuring dozens of civilians and escalating regional tensions.
Brent crude rose above $99 a barrel, reaching its highest level since late July, while West Texas Intermediate crude jumped to about $94 a barrel.
The attacks disrupted oil operations in southern Saudi Arabia and heightened concerns over prolonged disruptions to oil flows through the Strait of Hormuz and the Red Sea.
Saudi authorities pledged to take all necessary measures in response, while analysts raised oil price forecasts due to the expected continuation of shipping disruptions.