Houthis attack Saudi Arabia's largest oil refinery as oil prices rise

Summary

Yemen's Houthis attacked Saudi Arabia's largest oil refinery, and oil prices rose on news of the attack, according to Semafor. Semafor also reports that the US and Israel are reportedly prepared for a new round of combat with Tehran. Separately, Bloomberg reports that Saudi Arabia's oil exports are holding near wartime highs this month despite a wave of attacks on the kingdom's energy infrastructure and an increase in reported Iranian strikes on tankers in the Strait of Hormuz, according to preliminary data from ship-tracking firms.

Timeline

1. Semafor

   28 Oct 2026, 10:48 UTCSource ↗

   Semafor reports that Yemen's Houthis attacked Saudi Arabia's largest oil refinery, that oil rose on news of the attack, and that the US and Israel are reportedly prepared for a new round of combat with Tehran.

2. Bloomberg

   28 Oct 2026, 11:44 UTCSource ↗

   Bloomberg reports that Saudi Arabia's oil exports are holding near wartime highs this month despite a wave of attacks on the kingdom's energy infrastructure and an increase in reported Iranian strikes on tankers in the Strait of Hormuz, according to preliminary data from ship-tracking firms.