Houthi militants claim that after missile attacks on Saudi Arabia's largest refinery, oil prices rose slightly
2026-10-28 10:24:13
According to CoinMeta, and as reported by Reuters, Houthi militants claimed to have attacked Saudi Arabia's largest refinery with missiles, causing a slight increase in oil prices. Saudi authorities have not yet confirmed the attack, nor is there any immediate information regarding damage or disruptions to operations. Reuters interpreted this price rise as a market reaction to renewed concerns about supply disruptions caused by the attack. Despite market expectations of a slight increase in U.S. crude oil inventories, oil prices still rose. Market speculation that Israel might resume strikes on Iran after Tuesday's elections has exacerbated the risk premium. Exit polls show that Prime Minister Netanyahu's camp did not achieve a majority of 61 seats, and official results will not be announced until November 4th. Some commentators suggest that the electoral setback could increase the risk of a military escalation. The key question is whether this attack will result in permanent losses to refining capacity; prices reflect risk rather than confirmed supply reductions, and crude oil prices are highly susceptible to further news developments in the region.
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Source:Jin10 Data
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