Oil Prices Slip Slightly but Remain Above $100 Amid Middle East Tensions
According to OilPrice. com, on 26 October oil prices slipped slightly but stayed above $100 a barrel, with Brent falling to $114. 42 and U. S.
WTI trading at $100. 97, as attacks on tankers in the Strait of Hormuz and Houthi strikes on Saudi facilities kept supply concerns high. Earlier in the week Reuters reported that prices had risen after the United States ordered its diplomats and their families to leave Saudi missions following recent Houthi attacks. The Star later noted that crude prices fell on after a brief rally to near six-month highs, and CNBC said that Brent and WTI futures dropped more than 2 % amid worries about further attacks and the risk that high prices could curb demand.
Actors
United States
Saudi Arabia
Houthi rebels
U.S. State Department
Iranian foreign minister
senior Iranian official
Russian President Vladimir Putin
U.S. Special Envoy Steve Witkoff
Trump administration
U.S. Department of Energy
Locations
United States
Saudi Arabia
Dammam
Sirik
Iran
Gulf of Oman
Strait of Hormuz
St. Petersburg
