Brent crude rebounded above $100 a barrel on October 7, 2026.
Saudi Arabia’s civil aviation authority confirmed attacks on the airports in Jazan and Najran on October 5.
The authority did not say who carried them out.
Saudi Arabia says East-West pipeline flows recovered to 5.8 million barrels a day.
The reports differ on the pipeline’s status.
Saudi Energy Minister Prince Abdulaziz bin Salman said that flows through the East-West pipeline had recovered to 5.8 million barrels a day.
The minister’s statement countered reports that the pipeline had shut down again, according to OilPrice.com.
Vitol estimates that about 12 million barrels of crude and 2 million barrels of fuels leave the Persian Gulf each day, according to Reuters as cited by OilPrice.com.
Analysts at ING described a tug-of-war between improving regional supply and lingering threats, and said the market will stay nervous about disruptions.
Supertanker rates have been above $1 million a day, with costs also rising for smaller vessels, according to Sparta Commodities as cited by OilPrice.com.
A Gulf storm that threatened US output was another factor in the rebound, according to FX Empire.
A G7 release of 100 million barrels of crude and diesel from emergency stocks had been announced earlier in the week.
On October 6, Brent had slipped to around $99.9 a barrel, and on October 8 crude oil rose by nearly 3% as Indian shares fell.
India imports most of the crude oil it uses, so higher global prices add to inflation and to pressure on the rupee.
Brent crude rebounded above $100 a barrel on Wednesday, October 7, 2026, after a dip on Tuesday, according to OilPrice.com.
Brent traded at about $101.49 a barrel and West Texas Intermediate at about $90.14, according to the same report.
Other reports put December Brent at roughly $101.27 to $101.60 during Wednesday trading, according to Qz and IBTimes Australia.
Oil refinery (representative image), Wikimedia Commons, CC BY 2.0
