Oil rises as deadly attacks in Saudi Arabia fan Middle East supply fears

What happened: Oil advanced after deadly attacks in Saudi Arabia raised concern that escalating Middle East hostilities could hit supply, even as exports through the Strait of Hormuz accelerate. Key numbers: Brent traded near $111 a barrel and West Texas Intermediate rose toward $99. Why it matters: The attacks heightened supply fears even though the Shaybah strike left operations unaffected. Crude exports have climbed recently and are near preconflict levels as tankers switch off transponders, though oil-product shipments remain constrained. Coverage: 4 outlets in 24h

Oil advanced after deadly attacks in Saudi Arabia raised concern that escalating Middle East hostilities could hit supply, even as exports through the Strait of Hormuz accelerate.

The attacks heightened supply fears even though the Shaybah strike left operations unaffected. Crude exports have climbed recently and are near preconflict levels as tankers switch off transponders, though oil-product shipments remain constrained.