Oil prices rise as Iran steps up attacks on ships and Houthi-Saudi fighting intensifies
Summary
Oil prices rose on Wednesday 14 October as Iran stepped up attacks and fighting intensified, The New York Times reported, describing a volatile moment for energy markets in which more vessels are being hit while transiting the Strait of Hormuz and the Houthis and Saudi Arabia traded attacks. More ships were attacked by Iran in the Strait of Hormuz in the past week than in the entire month of September, and a Houthi strike hit a building owned by energy giant Saudi Aramco, The Philadelphia Inquirer reported.
Latest: Oil prices rose as Iran stepped up attacks, more ships having been attacked by Iran in the Strait of Hormuz in the past week than in the entire month of September, and as the Houthis and Saudi Arabia traded attacks, a Houthi strike hitting a building owned by Saudi Aramco.
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How it unfolded
Wednesday 14 October
Oil prices rose as Iran stepped up attacks, more ships having been attacked by Iran in the Strait of Hormuz in the past week than in the entire month of September, and as the Houthis and Saudi Arabia traded attacks, a Houthi strike hitting a building owned by Saudi Aramco.
- 17:46The Philadelphia InquirerOil prices rise as Iran steps up attacks and Houthi-Saudi fighting intensifies
- 08:08The NY TimesOil Prices Rise as Iran Steps Up Attacks and Fighting Intensifies