Crude Oil Prices Rise Amid Saudi Export Disruptions

On September 23, 2026, crude oil prices surged as disruptions to Saudi Arabia's oil exports and escalating tensions in the Middle East raised concerns about supply stability. International benchmark Brent crude futures for November delivery traded at $101.70 a barrel, reflecting a 1.4% increase from the previous close of $100.34.

Meanwhile, US benchmark West Texas Intermediate (WTI) crude futures for November delivery rose over 1% to $93.35 a barrel from $92.37. The renewed fighting in Yemen, particularly Saudi airstrikes on the strategic Red Sea port city of Mokha, which reportedly killed at least six people and injured eight others according to the Houthi-affiliated Saba news agency, further heightened concerns regarding regional supply routes.