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Latest Oil Market News and Analysis for Oct. 12

Bloomberg11 October 2026, 22:08 UTCSaudi Arabia

Oil edged higher as renewed strikes on Saudi Arabia’s main airport and a fresh tanker attack near the Strait of Hormuz raised the prospect that intensifying hostilities could exacerbate supply risks.

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Saudi Arabia: Second strike kills at least 1 at Riyadh airportDW11 October 2026, 22:59 UTCSaudi ArabiaAttacksSunday's strike came as the King Khalid International Airport remained closed after a deadly attack on Saturday, and after a warning from Houthi rebels in Yemen that "worse is yet to come." Dammam...
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Oil Rises on Mideast Attacks, Dollar Edges Higher: Markets WrapBloomberg11 October 2026, 22:09 UTCSaudi ArabiaOil advanced while the dollar edged higher in early Asian trading as investors weighed escalating Houthi attacks on Saudi Arabia and the risk of a widening Middle East conflict.
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