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EnergyEnergy: changes to oil or gas supply can affect Gulf export revenue and Kuwait fuel costs.

Oil prices hit five-month high as more Houthi attacks prompt supply and inflation fears

The National •
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In simple terms

Oil prices hit a five-month high on Tuesday after Yemen's Iran-backed Houthis continued attacks on Saudi Arabia, adding to supply concerns and higher inflation that could prompt interest rate hikes.

Earlier coverage

Earlier coverage on GreyNews

  1. Asian Stocks Shrug Off US Chip Rally, Oil Steadies: Markets WrapOct 19, 2026 · Bloomberg
  2. Latest Oil Market News and Analysis for Oct. 20Oct 19, 2026 · Bloomberg
  3. Record Shipping Costs Force Oil Producers to Slash PricesOct 18, 2026 · OilPrice
  4. US Stock Futures Bounce After Chip Rout, Oil Slips: Markets WrapOct 18, 2026 · Bloomberg
  5. Latest Oil Market News and Analysis for Oct. 19Oct 18, 2026 · Bloomberg

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